2 MAY 2016
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Etihad last week announced its strongest annual financial results to date, with a net profit of US$103m on total revenues of US$9.02bn. The figures marked the airline’s fifth consecutive year of net profitability.
President and chief executive officer James Hogan, said: “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal.”
Etihad carried 17.6m passengers in 2015, an increase of 18.9%, outperforming regional market growth.
Six new destinations – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam – were added to the network and capacity was increased on 16 existing routes with bigger aircraft, more frequency and improved seat occupancy.
Etihad continues to add to its fleet, with 11 aircraft joining in 2015 for a total of 121 with an average age of 5.8 years, one of the youngest in the industry.
The additions included four A380-800s and four B787-9 Dreamliners, with the A380 rolled out on Sydney and New York and inducted on a second daily to Heathrow.
The 787 began commercial operations between Abu Dhabi and Zurich, Brisbane, Washington DC and Singapore. www.etihad.com
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