DUBAI (Reuters) – Abu Dhabi service Etihad Airways reported a 66% improve in web revenue within the first 9 months of the yr, helped by a double-digit improve in passenger site visitors.
The state-owned airline made 1.4 billion dirhams ($381 million) as of Sept. 30, it stated in an announcement on Thursday, in comparison with 814 million dirhams in the identical interval a yr earlier.
Whole (EPA:) income elevated 21% to 18.4 billion dirhams with the airline carrying 13.6 million passengers over the yr, which Etihad stated marked a 35% improve in comparison with the earlier yr.
The airline has added flights and new routes.
“This spectacular progress is pushed by sturdy leads to each passenger and cargo revenues, underscoring the effectiveness of our technique and the power of our progress trajectory,” Chief Govt Antonoaldo Neves stated within the assertion.
In keeping with Reuters calculations, Etihad made a revenue of 549 milliion dirhams for the third quarter ending Sept. 30 and income of 6.7 billion dirhams.
Etihad’s proprietor the Abu Dhabi sovereign fund ADQ is contemplating an preliminary public providing of the airline subsequent yr, sources beforehand informed Reuters.
($1 = 3.6729 UAE dirham)
