Etihad Airways whopper-sized profit

Etihad Airways whopper-sized profit

Etihad Airways, the United Arab Emirates’ fast-growing national carrier, says it had a profit of $US103 million ($A133 million) in 2015 off total revenues of $US9.02 billion.

The airline announced earnings on Wednesday, saying 2015 marked its fifth year of profitability. It had a profit of $US73 million and revenues of $US7.6 billion in 2014.

Etihad, based in Abu Dhabi, says it carried 17.6 million passengers in 2015, an increase of 18.9 per cent 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.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

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