Etihad Airways revenues rise 27% in first quarter as network expands | The National

Etihad Airways revenues rise 27% in first quarter as network expands | The National:



"Etihad Airways yesterday announced a 27 per cent increase in first-quarter revenue to US$1.4 billion as contributions from its equity partners rose 23 per cent.



The airline’s codeshare and equity partners contributed $223 million compared with $182m in the same quarter last year. However, Etihad’s partners now account for 15.9 per cent of the airline’s total revenues compared with 16.5 per cent last year.



The Abu Dhabi carrier declined to provide profit or cost figures for the first quarter. Etihad stated in an annual report published last month that it had made a profit of $62m last year against revenues of $6.1bn, equating to a margin of just more than 1 per cent."



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