Etihad Airways reports profitability and EBIT of US$137m in 2011

Etihad Airways, the national carrier of the United Arab Emirates, reported full year EBIT of US$137m, on revenues up 36% to US$4.1bn (2010: US$2.98bn). The results included earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of US$648m  with a net profit of US$14m. The record result exceeded the airline’s 2011 target, which was to break even.