International partners the key to make profits take-off for one UAE airline
Etihad Airlines are go
Click here to add Abu Dhabi as an alert
Disable alert for Abu Dhabi,
Click here to add Berlin as an alert
Disable alert for Berlin,
Click here to add Etihad Airways as an alert
Disable alert for Etihad Airways,
Click here to add James Hogan as an alert
Disable alert for James Hogan,
Click here to add salesEtihad as an alert
Disable alert for salesEtihad
The Abu Dhabi-based airline yesterday revealed it pulled in revenue of $1.25 billion between April and June - up from $957 million it recorded in the same period last year.
Passenger numbers during the quarter leaped 34 per cent to 2.6 million. The firm didn’t release profit figures.
High-flying Etihad Airways believes its strategy of partnering with overseas airlines has helped fuel a sharp quarterly rise in passenger numbers and sales
Etihad President and CEO James Hogan said it is nonetheless “on track to achieve our profit targets for the end of the year.”
The airline has bought up stakes in four separate airlines - including Germany’s second-biggest, Air Berlin.
Hogan did not rule out further acquisitions either.
“We’re always looking, as long as it meets our criteria,” he said.
- Will terror attacks damper Arabs' appetite for European holidays?
- So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge
- Taking things further: Etihad looking to raise its stake in Air Berlin to 49.9%
- Agreement with BAA Heathrow paves way for co-location of oneworld member airlines from four to two terminals
- Emojet’s pavilion attracted several key international and local airlines
- The glass half full: Emirates airlines sure about making up lost profits in less than a year
- social responsibility one of key drivers for earning customer respect says kotler