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May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.
"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.
As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal."
The airline added six new destinations to its global network – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam. Similarly, Etihad Airways’ fleet increased by 11 aircraft to a total of 121 at year end.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p>
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<p>"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.</p>
<p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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