Etihad posts record Q2 results
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Etihad Airways has posted its record second quarter and half-year results.
The Abu Dhabi-based carrier saw both its revenue per passenger kilometres (RPK) and available seat kilometres (ASK) increase 13% in the second quarter year-on-year.
Despite an extra nine aircraft and new routes to Amsterdam, Belgrade, Washington and Sao Paulo, the airline saw a slight 0.3% dip in load factors to 77.3%. Its total revenues are up 7% in Q2 at US$1.32 billion.
“Despite the tough global trading climate, we have still achieved record, double digit growth in both Q2 and the first half of 2013,” said James Hogan, president and CEO of Etihad.
“This reflects not only the continuing popularity of our Abu Dhabi hub, but the growing maturity of our airline partnership strategy and the strength of our cargo operations, which continue to well exceed industry growth rates,” he added.
The airline said its partnerships with other carriers have helped drive its figures, with its codeshare and equity partners generating US$184m in revenue for Etihad in Q2.
This is driven predominantly by airberlin, with new partnerships to come later this year with Serbia’s JatAirways, Air Canada, South African Airways and Belavia of Belarussia. It is also due to acquire a 24% stake in Jet Airways and will up its stake in Virgin Australia from 10% to 19.9%.
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