Google+ Followers

Friday, 10 February 2012

What is the real value of Etihad Airways to Abu Dhabi? « ArabianMoney

Any commercial company that has only just turned a profit after nine years of high investment would be considered a failure or at best a lucky survivor.

Yet when Abu Dhabi’s Etihad Airways posts a $14 million net profit on a turnover of $4.1 billion for 2011 we are supposed to regard this as a triumph. Nevermind the accummulated losses of eight years behind that figure.