Earlier today, Etihad Airways announced a net profit of US$42 million in 2012, marking an impressive increase of 200 percent in comparison to 2011 levels.
“This has been a game-changing year for Etihad Airways,” stated James Hogan, President and Chief Executive Officer of +Etihad Airways in a press release.
“We have delivered improved net profit, the second consecutive year we have been in the black, a remarkable achievement given the youth, ambitious growth and on-going investment made by this airline in a challenging global economic environment,” he added.
I suspect this news will be covered in more detail by the media, so instead I’ve decided to give a top line summary of the 2012 results, below. In addition, don't miss these photos from inside the amazing new Etihad Airways airport lounge in Paris (now updated with video).
10 things you should know about Etihad Airways’ 2012 financial performance
- Second year of net profit sees leap of 200 per cent from US$14 million in 2011 to US$42 million in 2012
- Success in building the first ‘equity alliance’, with investments in Air Seychelles (40 per cent), airberlin (29.21 per cent), Virgin Australia (9 per cent) and Aer Lingus (2.987 per cent)
- Boost in revenue from US$4.1 to US$4.8 billion, with partner airlines contributing 19 per cent of passenger revenue
- 16 per cent rise in EBITDAR (earnings before interest, tax, depreciation, amortisation and rentals) of US$753 million (US$648 million)
- Five per cent reduction in non-fuel costs per available seat kilometre
- Passenger numbers break 10 million for the first time
- Record seat factor of 78.2 per cent, a significant jump of 2.4 percentage points
- Revenue passenger kilometres up 23 per cent to 48 billion, continuing to grow ahead of available seat kilometres
- Fleet increased by six to 70 aircraft, enabling access to 86 Etihad Airways passenger and cargo destinations, and 248 codeshare destinations
- Cargo tonnage showed strong growth of 19 percent to 367,837 tonnes
RELATED: PHOTOS: Washington wowed by Etihad’s first ever ‘on-board showcase’