Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Abu Dhabi's Etihad posts triple profits
Monday - 2/4/2013, 3:09am EST
ABU DHABI, United Arab Emirates (AP) - Fast-growing Etihad Airways tripled net profits last year as it added routes and code-share arrangements in its expanding rivalries with other premium Gulf airlines, the Abu Dhabi-based carrier said Monday.
Government-owned Etihad said that 2012 net profit jumped to $42 million, compared to $14 million in 2011. Revenue rose 17 percent to $4.8 billion, while the number of passengers increased by 23 percent to 10.3 million.
"This has been a game-changing year," said Etihad CEO James Hogan.
He said cost-control measures and ongoing investments helped boost the airline's profits during a challenging global economic environment.
Etihad began flying to six new destinations last year, including Shanghai and Kenya's capital, Nairobi. It also has announced expanded service this year to Washington and other cities.
The nearly 10-year-old airline has aggressively sought to expand cost-share agreements and purchase stakes in foreign airlines such as airberlin and Virgin Australia. It also is in talks for a possible share in India's Jet Airways. Etihad said that partner airlines contributed 19 percent of last year's passenger revenue growth.
The carrier is locked in deepening competition with Gulf rivals Qatar Airways and Dubai-based Emirates.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)