Etihad expects revenues to rise 25%
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Etihad Airways expects company revenues to touch US$3.1 billion this year on the back of increasing passenger sales, Gulf News reported a senior company executive as saying. Roy Kinnear, the Abu Dhabi-based carrier’s Vice-President for Revenue Management, was reported saying that he expects passenger revenues to increase 25% this year despite difficult global market conditions.
“Factors that will help us reach this year’s projected revenue target are natural expansion in growth, key destinations such as Melbourne and Chicago coming on line and strengthening of the business class performance,” Kinnear told reporters.
“Our passenger sales have not plummeted,” Kinnear added. “Our year-to-date passenger load factor is about 75% before heading into the peak summer period where even higher passenger load factors are expected.” He added that Etihad’s fleet size would increase to 152 aircraft by 2020. “We see an average 14% airline capacity growth through to 2020,” he said.
Etihad’s new flight destinations for 2009 include Melbourne, Chicago, Athens, Istanbul, Larnaca and Hyderabad.
Comments are closed.