Etihad Airways’ net profit up by 41% in 2015
Etihad Airways recently achieved its largest ever net profit in 2015 of 41%, year-over-year increase to US $103 million.
Low oil prices and strong demand for cargo, passenger and other ancillary services combined to create strong tailwinds for the carrier’s profitability last year. Cargo tonnage grew by 4 percent to 591,000 tonnes.
This growth was largely the result of the addition of belly-hold capacity, as well as new dedicated freighter routes, the airline said in a statement.
Etihad added six new wide-body passenger routes in 2015 and up-gauged several other routes. Etihad’s new freighter destinations include the growing African hubs of Dakar, Nouakchott and Douala.
Etihad’s fleet consists of 121 aircraft, with an additional 204 aircraft on firm order, including seventy-one 787s, twenty-five 777Xs, sixty-two A350s and ten A380s, while the airline continues to add new passenger routes with significant belly capacity.