Etihad reports bumper Q2

Etihad reports bumper Q2
By admin


Etihad Airways’ growing number of codeshares and strategic partnerships saw the airline carry a record number of passengers in Q2 as revenue growth surged ahead of capacity increases.

The carrier reported revenues of US$1.25 billion (AU$1.22b) for the quarter, up 31% on the same period the previous year. The figure takes its first half revenues to US$2.24 billion (AU$2.18b), an increase of 30% year on year.

Passenger numbers jumped to a record 2.55 million for the quarter, up 34% year on year, totalling 4.89 million for the half year. Partner airlines together fed 800,000 passengers into the Etihad network over the six month period, contributing US$281 million (AU$274m).

“These results are an endorsement of our strategy which has seen us widen and deepen our partnerships in addition to continued focus on our organic growth plan,” chief executive James Hogan said.

“In a quarter when many airlines have seen demand softening, we have been able to add more passengers than ever before, with growth outstripping our capacity increases.”

Capacity grew 25% for the quarter to 15.2 billion available seat kilometres, with load factor rising 4.6 percentage points to 77.6%.

Meanwhile, Hogan predicted a successful full year for the airline, despite challenging market conditions.

“We remain focused and on track to deliver profitability for the full year, for the second year running,” he said.

The quarter saw Etihad take minority equity stakes in Aer Lingus and Virgin Australia, while adding to its shareholdings in Airberlin and Air Seychelles. Its passenger network rose to 308 destinations.

Latest News

  • Aviation

Low-cost Indian carrier SpiceJet continues to burn cash

It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

  • Attractions

SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

  • Cruise

Silversea taps Barbara Biffi as senior vice president for global sales

Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

  • Technology
  • Travel Agents

Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]