Etihad Airways revenues increases 29% in Q3 2014

Etihad Airways, the national airline of the United Arab Emirates, reported total revenues of US$1.8bn for the third quarter of 2014, an increase of 29%year-on-year, achieved on the back of accelerated passenger and cargo growth during the summer. A total of 3.9 million passengers travelled with Etihad Airways between July and September this year, 30% higher than the three million passengers from the same period in 2013. Etihad Cargo also outperformed the global market, carrying 144,498 tonnes of freight and mail during the third quarter, a year-on-year increase of 9%, on only 1% capacity growth. Etihad Airways’ passenger carrying capacity, measured in Available Seat Kilometres (ASK), was 22 billion by the end of Q3 2014, an increase of 16% over the same period last year. The airline’s fleet expanded to 105 aircraft, with three aircraft delivered in the third quarter.