Etihad Airways announced record financial results for 2013, with net profit up 48% to USD62 million on revenues up 27% to USD6.1 billion.
The record performance also saw earnings before interest and tax (EBIT) up 22% to USD208 million and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up 30% to USD979 million, a margin of 16% of total revenues.
This marked the third successive year of net profitability, in the airline’s tenth year of operation.
Revenue increased by 27% to USD6.1 billion (2012: USD4.8 billion), on passenger numbers up 12% 11.5 million (10.3 million).
Revenue Passenger Kilometres (RPKs) – measuring passenger journeys - increased by 16% to 55.5 billion (47.7 billion), while Available Seat Kilometres (ASKs) – representing capacity - grew by 17% to 71.1 billion (61 billion).
These figures reflected strong growth in passenger traffic volumes, in a year when Etihad Airways added six new destinations – Washington DC, Amsterdam, Sao Paulo, Belgrade, Ho Chi Minh City and Sana’a - and increased capacity on 18 existing routes. At year’s end, the average network-wide seat load factor was 78%, unchanged from 2012.
Source: Etihad Airways