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Etihad unlikely to break even in 2010
Yields were hit by economic crisis and swine flu, says airline’s CEO.
May 3, 2010 4:11 by Ben Flanagan
Etihad Airways won’t break even this year due to the negative impact of the economic crisis and swine flu, according to the Abu Dhabi airline’s CEO James Hogan.
“If we’d had a better year in 2008 and 2009, we would have broken even this year,” Hogan was quoted as saying by Bloomberg. “The global financial crisis and the pandemic hit us in yield, pushed us back down to 2007 levels.”
Etihad, which has never posted a profit, should break even next year, Hogan said.