Etihad Airways' record Q3 growth
ETIHAD Airways continued to achieve record growth in the third quarter of 2013, with revenue from passenger services exceeding US$1 billion for the first time and passenger numbers passing three million.
The UAE carrier’s cargo division delivered a 41 per cent increase in volumes during the quarter – to 132,448 tonnes (2012: 94,123).
Total airline revenue rose 11 per cent to US$1.4 billion, compared to US$1.3 billion in Q3 of 2012, while network-wide passenger load factors reached 81 per cent.
Passenger revenues increased by 10 per cent in Q3 2013, to just over US$1.03 billion (2012: US$938 million), while cargo revenue was up by 39 per cent to US$244 million (US$176 million).
James Hogan, chief executive, says the Q3 growth occurred in a climate of increasing capacity and ongoing price competition.
Etihad Airways introduced one new route in Q3, between Abu Dhabi and Sana’a, Yemen, and increased capacity on other routes through extra flights or the use of larger aircraft.
Three aircraft joined the fleet – one new narrowbody A320, one new widebody B777-300ER and a leased A330.
Etihad carries 90 per cent of all air cargo to and from its Abu Dhabi hub.