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 3 million.
Total 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.
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 (2012:
codeshare and equity alliance airline partners was US$247 million in Q3 2013,
36 per cent higher than the US$181 million delivered in Q3 2012. Partnership
contributions accounted for 23 per cent of total Q3 passenger revenue, while
passenger numbers rose by 11 per cent to 3.06 million (2012: 2.75 million).
The President and
Chief Executive Officer of Etihad Airways, James Hogan, said the Q3 growth
occurred in a climate of increasing capacity and ongoing price competition. It
also compensated for reduced travel during the Holy Month of Ramadan, which
fell across the traditional peak travel months of July and August.
“In addition to our
own growth in Q3, we continued to develop our partnership strategy”, Mr Hogan
partnership activities, we continued to work closely with regulatory
authorities in India as we progressed our plans to acquire 24 per cent of Jet
Airways – the first offshore investment in an Indian airline under the
country’s Foreign Direct Investment legislation.
”We signed an
agreement with the Government of Serbia to enter into a five-year contract to
manage Serbia’s national airline, Air Serbia, currently trading as Jat Airways,
and integrated its frequent flyer program with our own Etihad Guest. We also
increased our stake in Virgin Australia from 10.5 to 17.4 per cent, and
launched partnerships with South African Airways, Air Canada, Belavia and
Korean Air, taking to 46 our number of codeshare agreements and expanding our
virtual network to 375 destinations.”
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 narrow-body Airbus A320, one
new wide-body Boeing 777-300ER and a leased Airbus A330. Etihad Cargo also delivered
a 41 per cent increase in volumes during Q3 to 132,448 tonnes (2012: 94,123). Etihad carries 90 per cent of all air cargo to and from its Abu Dhabi hub.
• Signed agreement with Government of
Serbia to enter into five-year contract to manage Serbia’s national airline,
Air Serbia, currently trading as Jat Airways.
• Integrated Air Serbia’s frequent
flyer program into Etihad Guest.
• Increased shareholding in Virgin
Australia from 10.5 per cent to 17.4 per cent.
• Codeshare partnerships with South
African Airways, Air Canada, Belavia and Korean Air.
• Commenced flights to Sana’a, Yemen,
four times per week.
• Added three aircraft – one Airbus
A320, one Boeing 777-300ER and one Airbus A330.
• Airline Strategy Awards - Executive
Leadership, James Hogan, President and Chief Executive Officer.