Abu Dhabi airline posts passenger revenues of $900 million
Etihad Airways is marking its 10th anniversary of operations with its strongest ever passenger and cargo results for a first quarter. The Abu Dhabi-based airline posted Q1 passenger revenues of $900 million (€693 million), an increase of 19% on the 2012 result of $758 million. Passenger numbers grew by 18% to 2.8 million.
The average seat factor was 80.5%, four percentage points higher than the previous year, despite a 12% increase in capacity. IATA’s current global average is 77.1%.
Revenues from codeshare and equity partners in the first three months of the year rose by 34% to $182 million, representing 20% of total revenues. Etihad Airways’ “equity alliance” comprises airberlin, Air Seychelles, Virgin Australia and Aer Lingus. Each of these airlines announced profitable results during the first quarter.
[photo courtesy Etihad Airways]