Sunday, July 13, 2014





Abu Dhabi's Etihad posts triple profits


March 16. 2013 10:03PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Abu Dhabi's Etihad Airways says net profit tripled last year as the fast-growing carrier added routes and code-share arrangements in its expanding rivalries with other premium Gulf airlines.


Government-owned Etihad said on Monday that 2012 net profit jumped to $42 million, compared to $14 million in 2011. Revenue rose 17 percent to $4.8 billion.


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.


Eithad has aggressively sought to expand cost-share agreements and purchase stakes in foreign airlines such as airberlin and Virgin Australia.


The carrier is locked in deepening competition with Gulf rivals Qatar Airways and Dubai-based Emirates.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds