Financial Round Up
Etihad reports 52% profit hike
June 1st 2015
UAE national carrier, Etihad Airways, has reported a $73 million net profit for 2014, up 52% year-on-year. Read More » Etihad’s chief executive, James Hogan, called the results the airline’s “strongest to date,” largely attributable to a 27% increase in total revenue driven by strong passenger and freight demand.
Etihad recorded a 22% year-on-year passenger surge to 14.8 million, with RPKs up 24%, to 68.6 billion. ASKs were up 21.8% to 86.6 billion, and load factor rose 1.2%, to 79.2%. The Abu Dhabi-based carrier’s cargo revenue increased 19.2% in 2014 to $1.1 billion.
