8-Oct-2013 4:32 PM

Etihad Airways reports 11% increase in revenue in 3Q2013

Etihad Airways reported (07-Oct-2013) total revenue increased 11% year-on-year to USD1.4 billion in 3Q2013. Passenger revenues increased 10% to USD1.03 billion, exceeding USD1 billion for the first time, and cargo revenue increased 39% to USD244 million. Revenue from codeshare and equity alliance partners increased 36% to USD247 million and partnership contributions comprised 23% of total passenger revenue for the quarter. Passenger traffic increased 11% to 3.06 million and network-wide passenger load factor reached 81%. Cargo volumes increased 41% to 132,448 tonnes. During the quarter, the airline commenced Abu Dhabi-Sana'a service; took delivery of one A320, one A330 and one Boeing 777-300ER; launched partnerships with Air Canada, Belavia, Korean Air and South African Airways; signed an agreement to manage Air Serbia; increased its stake in Virgin Australia; and progressed plans to acquire 24% of Jet Airways. [more - original PR] [more - original PR - 2]