Etihad Airways profit triples as sales jump 17% | Bangkok Post: news

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Etihad Airways profit triples as sales jump 17%

Etihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200 percent rise in net profit in 2012 and a 17 percent increase in revenues, the airline said in a statement on Monday.

File picture. Etihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200 percent rise in net profit in 2012 and a 17 percent increase in revenues, the airline said in a statement.

Etihad posted a net income of $42 million last year compared to $14 million in 2011 when it made its first-ever profit, said the statement, which attributed the rise to strong improvements in revenues, passengers and cost control.

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  • frogmarch

    United Arab EmiratesPost : 16

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    Discussion 1 : 05 Feb 2013 at 21.021

    $42M income outta $4.8 billion revenue is 0.875% not 200% its income not profit
    Etihad got 67 planes which u-hualed 10.3 million passengers last year by overpaid 10,656 employees
    at average ticket price of $500 each and fractionally own defunct bankruptcies as Air Seychelles, Airberlin, Virgin Australia and Aer Lingus.
    i think Hogan skipped math.

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