Etihad Airways on Monday announced its strongest second quarter and half-year financial performances on record, said a press release.
The national carrier of the United Arab Emirates achieved an 8 per cent increase in Q2 this year with passenger revenues generating $921 million (in 2012 it was $855 million) while passenger revenues for the first half of 2013 reached $1.8 billion, up by 13 per cent from the previous year’s $1.6 billion.
Revenue generated by codeshare and equity alliance airline partners was $184 million in Q2 2013. This was 25 per cent above the $147 million turnover in the same period of 2012. Partnership revenue comprised 20 per cent of the airline’s total passenger revenue in both Q2 and the first half of 2013.
Etihad Airways president and chief executive officer James Hogan said the company’s Q2 and half year results were achieved despite the continuation of unsteady economic and geopolitical factors, with airfare yields slightly lower for the quarter, compressed by strong competitive capacity growth and resultant price competition.
-With New Age input
