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FINANCIAL NEWS
Etihad Airways profits double to USD73m in 2014
30 May 2015
(MENAFN) Etihad Airways said its profit rose by more than half to USD73 million last year as it carried more passengers and used its stakes in other airlines, Arab News reported.
The government-backed airline said its earnings rose 52 percent over the USD48 million it said its stand-alone airline business earned the previous year, marking its fourth year of profitability.
Etihad’s revenue for the year increased to USD7.6 billion from USD6 billion in 2013. The increase was helped by a 22-percent jump in passenger numbers to 14.8 million.
“Our shareholder has set a clear commercial mandate for this business and we continue to deliver against that mandate. Our focus is on sustainable profitability,” President and CEO said.
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