16-Jun-2011 11:54 AM

Etihad Airways on track for break-even result by end of 2011

Etihad Airways Chief Commercial Office Peter Baumgartner stated the carrier is on track to break even by the end of 2011 (Gulf News, 16-Jun-2011). "We had a positive EBITDA last year, which is the first step towards break even," he said. Mr Baumgartner added that high international oil prices are affecting the airline industry. The carrier has hedged more than 70% of its fuel requirements for 2011.