International partners the key to make profits take-off for one UAE airline
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.
- Agreement with BAA Heathrow paves way for co-location of oneworld member airlines from four to two terminals
- Taking things further: Etihad looking to raise its stake in Air Berlin to 49.9%
- 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