Etihad outperforms cargo market with 25% growth
Etihad Airways, 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.
August 1, 2014
Etihad Airways, 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. Etihad Cargo also outperformed the global market, carrying 268,713 tonnes of freight and mail during the first half of 2014, up 25 per cent yearon- year and contributing significantly to the airline’s total revenue. It remains on track to become a billion dollar business in 2014, the carrier said. A 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.
The 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. Total airline revenues increased 28 per cent to US$3.2 billion during first half of 2014 with Etihad Cargo achieving 27 per cent revenue growth.
James Hogan, president and CEO 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.