Etihad Airways announces $103M profit for 2015
Etihad, based in Abu Dhabi, says it carried 17.6 million passengers in 2015, an increase of 18.9 percent from the year before
Etihad Airways, the United Arab Emirates’ fast-growing national carrier, says it had a profit of $103 million in 2015 off total revenues of $9.02 billion.
The airline announced earnings Wednesday, saying 2015 marked its fifth year of profitability. It had a profit of $73 million and revenues of $7.6 billion in 2014.
Etihad, based in Abu Dhabi, says it carried 17.6 million passengers in 2015, an increase of 18.9 percent from the year before.
Etihad has credited its sales growth in part on its strategy of partnering with other carriers through minority equity stakes and codeshares outside of longer-standing traditional airline alliances.
The United Arab Emirates is also home to the Dubai-based long-haul carrier Emirates.
-
Qatar Airways submits formal document to U.S. on subsidies row
American Airlines, Delta Air Lines and United have accused state-owned Qatar Airways, along with Emirates and Etihad, of receiving unfair government subsidies Aviation & Transport -
Qatar Air says Pratt & Whitney engines not adequately tested
Qatar Airways was due to be the first airline to receive the recently revamped aircraft, but has refused to take them because of engine glitche Aviation & Transport -
Qatar Airways urges Airbus to resolve A350 'issues'
Deliveries of A350s are being delayed due to shortages of cabin equipment Business -
Qatar Airways threatens to cancel Pratt & Whitney engine order
Qatar Airways threatened to cancel an order for Pratt & Whitney engines for a fleet of Airbus narrow-body jets on Tuesday Aviation & Transport