Etihad revenue up 39 percent
October 5th, 2011 - 9:09 pm ICT by IANSAbu Dhabi, Oct 5 (IANS/WAM) Etihad Airways Wednesday said its revenue surged by 39 percent to $1.1 billion in the third quarter of the current fiscal.
Etihad’s revenues were $785 million in the corresponding period last year. Passenger numbers rose by 18 percent to 2.25 million, compared to 1.9 million in Q3 last year.
Operating costs rose by 12 percent, on a 12 percent rise in capacity, while non-fuel costs rose only by 7 percent.
Etihad’s CEO James Hogan said these figures contributed to the airline’s strong growth and it had moved into monthly operating profitability.
“Despite the continuing challenges of high fuel prices and economic downturn in many of the markets in which Etihad operates, we are seeing strong growth in all our key commercial indicators,” Hogan said.
–IANS/WAM
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Tags: 1 billion, abu dhabi, airline, ceo, challenges, dg, economic downturn, etihad airways, fuel costs, fuel prices, james hogan, oct 5, operating profitability, passenger numbers, q3, wam