Etihad Airways was profitable again in 2012. The airline’s President and Chief Executive, Mr. James Hogan, made the announcement during his keynote address at the Global Airfinance Conference in Dublin.
The 2012 result follows Etihad Airways’ maiden profit in 2011 of USD 14 million. During his speech to more than 1,000 delegates in the Irish capital, Mr Hogan added that more details of the airline’s financial results would be released next month.
Mr Hogan also explained to conference delegates how Etihad Airways’ focus on cost control and the creation of value and scale had helped drive its impressive expansion.
Mr Hogan added that Etihad Airways has identified a new route to global expansion, allowing it to accelerate even further its development as an airline and as a business.
This includes organic fleet and network growth, wide-ranging codeshares, and strategic equity partnerships. These all come together to create a virtuous circle of growth opportunities for the airline and its partners.
Source: Etihad Airways