Loading
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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More