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Etihad sees 2012 revenue above $5 billion – CEO
How much of the Abu Dhabi based airline's revenue was generated through partnerships?
September 30, 2012 11:29 by Reuters
Unlisted Etihad Airways forecasts its revenue will pass the $5 billion mark this year, its chief executive said on Sunday.
Abu Dhabi-based Etihad has been on an acquisition drive, taking minority equity stakes in Virgin Australia and Aer Lingus, and raising its shareholding in Air Berlin and Air Seychelles.
“We are projecting $5 billion plus revenues this year,” James Hogan, Etihad’s chief executive, told an aviation conference. “Sustainable profitability is in place”
The airline, which had revenues of $4.1 billion in 2011, generated $281 million in revenues from partnerships in the first half of 2012, he said.