ETIHAD AIRWAYS TARGETS REVENUES OF $5 BILLION
Abu Dhabi,UAE : Abu Dhabi's carrier Etihad Airways is projecting $5 billion in revenues in 2012, up from $4.1bn last year, and hopes to sustain profitability, its chief executive said yesterday.
The UAE flag carrier that is owned by Abu Dhabi is "projecting $5bn in revenues in 2012," Its CEO James Hogan told participants in the World Route Development Strategy Summit in Abu Dhabi.
He also said that the carrier was looking to keep "sustainable profitability in place" after posting $14 million in net profits last year, in its first-ever registered profit since it began operations in 2003.
Hogan said the fast-growing airline made $281m in the first half of 2012 in revenues from partnerships and code-sharing with other carriers.
01/10/2012 : Gulf Daily News.
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