11-Jan-2011 11:19 AM

Etihad targets profitability in 2011; revenues increased 29% in 2010

Etihad Airways CEO James Hogan stated revenues increased 29% to USD3.0 billion and passenger numbers increased 13% to 7.1 million in 2010 (The National, 10-Jan-2011). The carrier reduced operating expenses by USD320 million in the period despite launching seven new destinations and adding 800 staff. Mr Hogan stated the improved results would put the airline in position to achieve its target of breaking even in 2011.