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Etihad looking at a “prudent” 2017
February 10th 2017
“2017 will be another challenging year; we will continue to expand prudently and efficiently, reflecting the nature of the economic environment,” Etihad Aviation Group CEO, James Hogan, said this week after releasing the carrier’s 2016 operational figures. Read More »
“We remain optimistic and … [believe our] business model will succeed and, most importantly, stand the test of time,” Hogan, who will step down as group president and CEO in the second half of this year, added.
In 2016, Etihad recorded an 8% rise in passenger numbers, as measured in RPKs; capacity, measured in ASKs, was up 9% year-on-year, while the carrier’s load factor remained unchanged at 79%. It did not disclose its financial performance.
The Abu Dhabi-based airline took delivery of ten aircraft last year, including five B787-9s, three A380s, two B777Fs and an A330F.
Last week, Etihad Aviation Group and Lufthansa Group signed a comprehensive $100 million “commercial partnership agreement” covering maintenance, repair and overhaul, catering and codesharing. And, if the rumours are true, Etihad could join the Star Alliance network before year-end.
