{"id":51122,"date":"2015-05-28T16:05:00","date_gmt":"2015-05-28T18:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/etihads-profit-doubled-last-year\/"},"modified":"2019-06-30T12:59:40","modified_gmt":"2019-06-30T15:59:40","slug":"etihads-profit-doubled-last-year","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/etihads-profit-doubled-last-year\/","title":{"rendered":"Etihad\u2019s profit doubled last year"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The net profit of Etihad Airways, from Abu Dhabi, United Arab Emirates, increased 52.1% last year over 2013, according to data released this Thursday (28th) by the company. The net profit reached US$ 73 million against US$ 48 million in the previous year. The company also had a significant improve in revenues in 2014 with US$ 7.6 billion, an increase of 26.7%. <\/p>\n<p>According to company&rsquo;s data, it was a record-breaking performance. Etihad managed to achieve an improvement in earnings before interest and taxes (Ebit) of 32.5% to US$ 257 million in the period, and in earnings before interest, taxes, depreciation, amortization and restructuring or rent costs (Ebitdar) of 16.2% to US$ 1.1 billion. The amount is worth 15% of total revenues. <\/p>\n<p>&ldquo;Our shareholder set a clear commercial mandate for this business and we continue to deliver against this mandate. Our focus is on sustainable profitability and our fourth year of net profits, at a time when we continue to invest in the new routes, new aircraft, new product and new infrastructure needed to compete effectively, shows we are serious about that goal&rdquo;, said James Hogan, president and CEO of Etihad Airways, according to a company&rsquo;s press release. <\/p>\n<p>The company carried 14.8 million passengers last year, an increase of 22.3% over 2013. According to the company, this number was strengthened by continuous growth, with routes being launched to 10 new destinations, which are Los Angeles, Dallas, San Francisco, Rome, Zurich, Medina, Yerevan, Jaipur, Phuket and Perth, besides the increase in capacity in 23 routes. The seat occupancy rate stood at 79.2% in 2014 over 78% of the previous year.<\/p>\n<p>Etihad Airways also emphasized, in its reports, the importance of the partnerships established, such as code-share agreements and minority equity investments in airlines considered to be strategic. According to the company, this resulted in US$ 1.1 billion in revenues. The company received approval to invest in Air Serbia, acquired part of New Alitalia and Alitalia Loyalty, besides other operations and code-share agreements with companies such as Gol and Aerolineas Argentinas. The company operates flights between S&atilde;o Paulo and Abu Dhabi. <\/p>\n<p>Cargo revenues increased 19.2% in 2014 over the previous period with US$ 1.1 billion. Freight and mail volumes went from 487,000 tons in 2013 to 569,000 tons in the next year. <\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-182003\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The airline from the Emirates achieved a 52.1% net profit growth in 2014 with US$ 73 million. Revenues increased 26.7% and the company carried 14.8 million passengers.<\/p>\n","protected":false},"author":2316,"featured_media":182003,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-51122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The airline from the Emirates achieved a 52.1% net profit growth in 2014 with US$ 73 million. Revenues increased 26.7% and the company carried 14.8 million passengers.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=51122"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/182003"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}