5-Jul-2012 12:09 PM

Etihad Airways reports strong revenue growth in 2Q2012

Etihad Airways revenue up 31% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Total revenue: USD1253 million, +31% year-on-year;
      • Passenger: USD850 million, +17%;
      • Cargo: USD183 million, +11%;
    • Passenger numbers: 2.6 million, +34%;
    • Load factor: 77.6%, +4.6 ppts;
    • Cargo volume: 74,000 tonnes, +6%;
    • Total revenue per ASK: AED 30.27 fils (USD 8.24 cents), +5%;
    • Cost per ASK: -1%;
  • Six months ended 30-Jun-2012:
    • Total revenue: USD2242 million, +30%;
      • Passenger: USD1608 million, +20%;
      • Cargo: USD348 million, +14%;
    • Passenger numbers: 4.9 million, +30%;
    • Load factor: 77.1%, +4.2 ppts;
    • Total revenue per ASK: AED 27.94 fils (USD 7.61 cents), +6%. [more – original PR]

Etihad attributed its record results to the carrier’s growing network of codeshares and strategic partnerships, which together fed 800,000 passengers into Etihad’s network over the past six months and contributing USD281 million.

Etihad Airways: "We are also encouraged by the performance of our equity partner airlines. Air Seychelles has made significant strides towards profitability in its own right and I am confident it will break even this year. Last month, airberlin, which is now our most important commercial partner, reported faster than expected progress of its shape & size program and a positive outlook for its financial performance,” James Hogan, CEO. Source: Company statement, 04-Jul-2012.

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