Etihad Airways has announced “its most successful first half year” since the carrier was launched in 2003, with revenues up 28 per cent to US$1.72 billion.
The airline stopped short of announcing profit or loss figures for the period, but said that it had achieved a positive EBITDAR (earnings before interest, tax, depreciation, amortisation and rentals) for the first time, alongside a two per cent reduction in costs per available seat kilometre.
Etihad said the results were driven by “solid performances in both passenger and cargo activities”, and marked “continued progress towards the airline’s goal of breaking even this year and moving into sustainable profitability in 2012”.
The carrier recently announced new routes to the Chinese cities of Chengdu and Shanghai (click here for more information), and will launch new services to Male and the Seychelles in November.
Etihad will also increase frequencies on its Manchester to Abu Dhabi route to twice daily from August 1 (see online news March 7), and last week announced a ten-year agreement with Manchester City Football Club for stadium naming rights (see online news July 8).
For more information visit etihadairways.com.
Report by Mark Caswell
