Etihad Airways to report profitable EBITDAR result in 2010

Etihad Airways CEO James Hogan stated the carrier is on track to report a profitable EBITDAR result for the first time in 2010 (The National/Bloomberg, 26-Nov-2010). Mr Hogan added that this is a significant step in the airline's goal to achieve full break-even in 2011. Mr Hogan added the carrier plans to achieve "sustainable profitability" within two years, even as it adds aircraft to its fleet and expands its network. The carrier will take delivery of 11 new aircraft over the next two years.

Etihad Airways: "The growth of Abu Dhabi as a global destination is playing a critical role in our development. Our shareholders expect a return, and we will deliver that return," James Hogan, CEO. Source: Bloomberg, 26-Nov-2010.

Etihad Airways: "With only a month to go, we are well on track for profitable EBITDAR for 2010, marking an important milestone in the commercial development of the airline. Our next goal is full break-even in 2011, leading to sustainable profitability from 2012 onwards. All our indicators show that these targets are in our sights," James Hogan, CEO. Source: The National, 26-Nov-2010.