Abu Dhabi's Etihad Airways sees revenue soar by 7%

Etihad Airways said on Monday that its total revenue for the second quarter grew 7 percent year-on-year, with passenger revenue also up, despite a tough global economy.

Total revenue for the three months to June 30 was $1.33 billion, up from $1.25bn in the same period of 2012, a statement from the Abu Dhabi-based carrier said.

Passenger revenue in the second quarter was up 8 percent year-on-year at $921 million.

Air fare yields were slightly lower for the quarter, compressed by price competition, the statement added.