Etihad’s summer traffic increases 30%
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Etihad Airways has posted a 30% increase in traffic between July and September, outstripping its capacity boost.
The Abu Dhabi-based carrier saw 3.9 million people use its services during the three months, where the available seat kilometres (ASK) rose from 19 billion in Q3 2013 to 22bn the quarter just finished.
Revenues at the carrier increased 29% year-on-year to US$1.8 billion.
Its codeshare and equity partnerships are said to have generated 1.1 million passengers in Q3 and contributed US$352m in revenue, making up 27% of revenue share.
“Our focus on organic growth, codeshare partnerships and minority investments in other airlines has continued to produce strong results, despite the prevalence of industry challenges such as volatile oil prices, economic and political instability, overcapacity in the market, and access constraints,” said James Hogan, president and CEO of Etihad.
He added: “We are confident about sustaining our profitability in 2014 and there are a number of important milestones in the final quarter, including the entry into service of Etihad Airways’ ground-breaking Airbus A380 and Boeing 787-9 Dreamliner in our striking new livery.”
The airline will introduce its The Residence by Etihad product on some of its new aircraft, while on its network will add flights to Phuket, San Francisco and Dallas this year.
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