Etihad targets profit as revenue soars to $2.95bn - The National

Etihad Airways boosted revenues and trimmed its costs last year with the aim of reaching its first profits after seven years of rapid growth.

The Abu Dhabi airline managed to beat its own targets in reducing expenses by US$320 million (Dh1.17bn), despite launching seven new destinations and adding 800 staff, said James Hogan, the chief executive.

Revenues climbed 29 per cent to $2.95bn, and passenger volumes rose 13 per cent to 7.1 million.