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Thursday 18 September 2014

Aer Lingus tie-up helps Etihad's revenue rise

Published 09/07/2014 | 02:30

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Revenues from Etihad's code-sharing and equity partners - including Aer Lingus  - rose 31 pc to $471m. PETER MUHLY/AFP/Getty Images
Revenues from Etihad's code-sharing and equity partners - including Aer Lingus - rose 31 pc to $471m. PETER MUHLY/AFP/Getty Images

Abu Dhabi’s state-owned Etihad Airways, which plans to buy a 49pc stake in Alitalia, has reported a 28pc jump in first-half revenues, helped by growth in passenger and cargo volumes.

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The unlisted carrier earned revenues of $3.2bn (€2.35bn) in the six months ended June 2014 compared to $2.5bn (€1.8bn) in the corresponding period last year, it said in a statement.

Revenues from code-sharing and equity partners – including Aer Lingus – rose 31pc to $471m. The airline carried 6.7 million passengers in the first half of this year, up 22pc, while cargo volumes grew 25pc to 268,713 tonnes.

“We have ambitious plans to build on this momentum in the second half of 2014, with five more destinations being introduced into our global network, and our ground-breaking Airbus A380 and Boeing 787 also entering service, which will reinforce our status as a global market leader,” chief executive James Hogan, pictured left, said. (Reuters)

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