São Paulo – Etihad Airways disclosed on Monday (7) that it obtained record revenues of US$ 1.4 billion in the third quarter of this year, growth of 11% in comparison with the same period in 2012. Etihad did not inform whether it made a profit or a loss in operations from July to September.
According to a press statement disclosed by the company, revenues obtained with passenger transport totalled US$ 1.03 billion, growth of 10% over the US$ 938 million in the third quarter of 2012. This was the first time that the operation made over US$ 1 billion in the period since the company started flying, in 2003.
The rate of occupation on the company flights was 81%. From July to September, 3.06 million people were transported, 11% more than the 2.75 million transported in the third quarter of 2012.
The CEO at Etihad, James Hogan, said in a press statement that the company managed to grow due to the greater capacity and to the price and ticketing competition. He also observed that revenues from transported passengers grew in the quarter and that there was the Ramadan period. This year, the holy month of the Muslim was in July.
Last quarter, Etihad increased its flight frequency to some destinations, inaugurated a route to Sanaa, Yemen, put larger aircraft to fly on some lines and included three aircraft into its fleet: an Airbus A320, for regional flights, and two Transatlantic aircraft: one Airbus A330 a Boeing 777-300ER.
Also according to the press statement, Etihad also increased revenues in its cargo and codeshare sectors (the latter being an area in which flights are shared with other airlines). Revenues obtained with transport of products totalled US$ 244 million, growth of 39% over the US$ 176 million revenues obtained in the same period in 2012.
Revenues generated with partnerships and other airlines totalled US$ 247 million, or 36% more than from July to September 2012. The airline from Abu Dhabi has share capital in Aer Lingus, Air Seychelles, airberlin and Virgin Australia and codeshare agreements with 46 airlines.
*Translated by Mark Ament
