Etihad’s passenger numbers soar
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Etihad Airways saw a 14% increase in passenger numbers during the first quarter of this year compared to Q1 2013.
The UAE airline carried 3.2 million people in total from January to March this year, with total revenues up 27% to a record US$1.4 billion.
Revenue from its codeshare and equity partnerships are up 23% to US$223 million and represent 22% of its revenue.
International routes boosted the airline with six additional destinations by the end of Q1 this year, with another eight to be added this year.
“Although the global airline industry has faced challenges such as higher-than-expected fuel prices and fierce competition in key international markets during the first quarter of 2014, we have continued to outperform the passenger and cargo markets, and raise the bar even further for Etihad Airways,” said James Hogan, president and CEO of Etihad. “Our strong performance highlights the continued success of Etihad Airways’ strategic master plan, which focuses on the three fundamental pillars of organic network growth, codeshare partnerships and minority equity investments in other airlines around the world.”
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