Etihad Airways announces strong first quarter results

Etihad Airways, the Abu Dhabi-based airline posted Q1 2013 passenger revenues of US$900m (2012: US$758m), an increase of 19%; and cargo revenues of US$193m (2012: US$165m), an increase of 17%. Passenger numbers in Q1 2013 grew by 18%, rising from 2.3m to a record 2.8m.  The average seat factor was 80.5%, four percentage points higher than the previous year (2012: 76.5%), despite a 12% increase in capacity.