08 Jul 2014 12:30
Etihad Airways, the national airline of the United Arab Emirates, has reported double-digit growth in passenger and cargo volumes during the first half of 2014, marking its strongest ever performance for the six-month period, with total revenues increasing to US$3.2 billion.
total of 6.7 million passengers travelled with the airline between January and
June this year, almost 22 per cent higher than the 5.5 million passengers in
the same period last year.
Cargo also outperformed the global market, carrying 268,713 tonnes of freight
and mail during the first half of 2014, up 25 per cent year-on-year, and
contributing significantly to the airline’s total revenue. It remains on track
to become a billion dollar business in 2014.
impressive performance was supported by Etihad Airways’ continued growth in the
second quarter of 2014, with 3.5 million passengers and 140,892 tonnes of
freight and mail carried over the three-month period, both up 25 per cent on
the same period last year.
Hogan, President and Chief Executive Officer of Etihad Airways, said: “At a
time when the global airline industry has struggled with high fuel prices,
intense competition and a slowdown in the cargo market, Etihad Airways has
achieved record success, carrying more passengers and cargo to more
destinations around the world, with our biggest fleet to date.
ambitious plans to build on this momentum in the second half of 2014, with five
more destinations being introduced into our global network, and our
ground-breaking Airbus A380 and Boeing 787 also entering service, which will
reinforce our status as a global market leader.”
and cargo volumes were boosted by the fast-paced growth of Etihad Airways’
global route network, with 98 destinations operational by the end of H1 2014, compared
to 92 in the same period last year. Following the launch of Medina flights in
the first quarter of 2014, the second quarter included the start of new
services to Jaipur, Zurich and Los Angeles, while frequencies increased on five
existing routes, including Moscow and Cochin. The airline’s network will increase
to 103 destinations by the end of the year, with Yerevan flights launched this
month and Rome, Perth, Phuket and Dallas to follow over the remainder of 2014.
growth was supported by codeshare and equity alliance partnerships in the first
half of 2014, delivering an estimated 1.4 million passengers onto Etihad
Airways flights (+28 per cent year-on-year) and contributing revenue of US$471 million,
which represented 23 per cent of the airline’s passenger revenue. In the second
quarter alone, a new codeshare agreement was signed with GOL and existing
codeshares were expanded with partners such as Jet Airways, airberlin, Air
Serbia, Air France and South African Airways, while 754,050 passengers were
delivered onto Etihad Airways flights (+32 per cent year-on-year), contributing
revenue of US$247 million.
Airways’ passenger carrying capacity, measured in Available Seat Kilometres (ASK), was 39.4 billion by the end of H1 2014, an
increase of 19 per cent year-on-year. The airline’s fleet also expanded to 102 aircraft,
with seven aircraft delivered in the second quarter alone.
additional six aircraft will be received in the second half of 2014, including
Etihad Airways’ first Airbus A380 and Boeing 787, which commence operations in
December and will feature brand new first, business and economy class products.
The A380 will also include The Residence by Etihad™, the world’s first three-room
private cabin, boasting a living room, separate double bedroom and ensuite
shower, together with a personal butler service.
Cargo followed its record first quarter with a number of milestones in the
second quarter, including optimised scheduling and connections globally, the
launch of weekly freighter services to Dar es Salaam and Entebbe, increased
frequencies on existing freighter routes to Beijing, Almaty and Bangalore, and
more bellyhold capacity to Munich, New York and Chengdu.
was also boosted by a new global incentive that awards Etihad Guest Miles for
the booking of personal cargo shipments, which can be redeemed for flights and
other rewards. This complements the existing Etihad CargoConnect program, which
rewards small-to-medium sized freight forwarders with miles for their cargo
business. A Partner Elite program was also launched in the second quarter to recognise Etihad Cargo’s larger key multinational customers.
Etihad Airways’ workforce grew to 20,149 employees by the end of the first
half, up 28 per cent year-on-year. Within the core airline, 1,628 employees are
UAE nationals, 19 per cent more than the same period in 2013, and Emiratis are the
number one nationality group at manager level. Last month, Etihad Airways
welcomed the latest group of graduates from its innovative development program
to join divisions across the airline as pilots, managers, contact centre staff
and technical engineers. The 217 graduates, who included 65 Emirati cadet
pilots and 20 cadet pilots of other nationalities; 74 Emirati graduate
managers, 44 Emirati contact centre staff and 14 Emirati technical trainees,
were recognised at
a gala ceremony held in Abu Dhabi.
Airways won 27 awards in the first half of 2014, 23 of which were presented in
the second quarter, including the Middle East’s Leading Airline, Middle East’s
Leading Airline – First Class and the Middle East’s Leading Cabin Crew at the
World Travel Awards Middle East 2014.
In Q2 2014, Etihad Airways:
- Launched new
passenger flights to Jaipur,
Zurich and Los Angeles
- Increased frequencies to five destinations,
including Moscow and Cochin
- Launched weekly freighter services to Dar Es Salaam
(Tanzania) and Entebbe (Uganda)
- Unveiled new Airbus A380 and Boeing 787 product
and service offering, including The Residence, First Apartment, First
Suites, Business Studio, and Economy Smart Seat
- Opened new First
and Business Class Lounge at Kingsford Smith International Airport in
Sydney – the airline’s first in Australia
- Acquired Abu Dhabi
Aircraft Technologies LLC (ADAT) from Mubadala
- Entered the
process of acquiring the fixed wing training division from Horizon
International Flight Academy (Horizon) prior to creating the new Etihad
- Announced that the
Etihad Guest loyalty program had become a separate entity
- Increased fleet
size to 102, with 23 additional aircraft over the same period last year