Abu Dhabi’s Etihad Airways said full-year net profits for 2012 increased 200 percent to US$42m, as it carried more passengers and pushed ahead with strategic alliances with other international carriers.
The UAE flag carrier, which has expanded globally through stake purchases in the likes of airberlin and Virgin Australia, said revenue increased 17 percent to US$4.8bn, while passengers rose 23 percent to 10.3m.
“It’s been strong organic growth in our own right because every year the Etihad brand continues to mature and continues to improve,” James Hogan, president and CEO of Etihad Airways, told Arabian Business.
“In regards to our codeshare strategy – our 40 codeshare partners – and our equity investment partners, they represent 20 percent of our total revenues and the key there is stretching our network at the end of our system,” he added.
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