Etihad Airways revenue up 21.2% in 1Q2011

Etihad Airways reports (20-Apr-2011) the following financial highlights for the 3 months ended Mar-2011:

• Revenue: USD770 million, +21.2% year-on-year;
• Passenger revenues: +15%;
• Cargo revenues: +44%;
• Passenger numbers: 1.9 million, +10.6%;
• Load factor: 72.7%, -2.4 ppts. [more]

Etihad Airways: "I am pleased to report more positive progress on our journey towards break-even and profitability. Our revenues continue to grow faster than our passenger numbers and, thanks to our robust cost controls, we are seeing a real benefit in our overall performance. This marks the first time we have delivered positive EBITDAR in Q1," James Hogan, Etihad Airways' Chief Executive Officer. Source: Company statement, 20-Apr-2011.