We have today announced our half-year results covering the period January to June 2014.
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The results show double-digit growth in passenger and cargo volumes for the first half of the year, with total revenues increasing 28 per cent to US $3.2 billion.
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The half-year highlights show:
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·******** passenger numbers up 22 per cent to 6.7 million (2013: 5.5 million);
·******** Etihad Cargo revenue up 27 per cent; and
·******** revenue from codeshare/equity partners up 31 per cent to US $471 million, representing 23 per cent of passenger revenue.
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This represents our strongest half-year financial performance on record and on behalf of the senior management team, I thank you for your tremendous contribution and ongoing commitment.
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At a time when the global airline industry has struggled with high fuel prices, intense competition and a slowdown in the cargo market, Etihad Airways has achieved record success, carrying more passengers and cargo to more destinations around the world, with our biggest fleet to date.
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We will continue to build our network to 103 world-class destinations in 2014. So far, we have launched new services to Los Angeles, Jaipur, Medina, Yerevan, and Zurich, with Rome, Perth, Phuket and Dallas to follow.
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Our fleet has also expanded to 102 aircraft, with seven aircraft delivered in Q2. An additional six aircraft will be received in the second half of 2014, including our first Airbus A380 and Boeing 787, which commence operations in December.
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Etihad Airways’ organic growth in 2014 has been strongly supported by codeshare and equity partnerships which delivered an estimated 1.4 million passengers onto our flights in the first half of the year, up 28 per cent versus 2013.
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In Q2, a new codeshare agreement was signed with GOL and existing codeshares were expanded with partners including Jet Airways, airberlin, Air Serbia, Air France and South African Airways. More than 754,000 passengers were delivered onto Etihad Airways flights, up 32 per cent year-on-year and contributing revenue of US $247 million.
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Meanwhile, our workforce grew to 20,149 employees by the end of the first half, up 28 per cent year-on-year. Within the core airline, 1,628 employees are UAE nationals, 19 per cent more than the same period in 2013, and Emiratis are the number one nationality group at manager level. *
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As we move forward, it is critical that we continue to remain focused and work hard, remembering that complacency is the enemy of success. Thank you once again for delivering these results and always strive to work together as one united, co-operative, and winning team.
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The results show double-digit growth in passenger and cargo volumes for the first half of the year, with total revenues increasing 28 per cent to US $3.2 billion.
*
The half-year highlights show:
*
·******** passenger numbers up 22 per cent to 6.7 million (2013: 5.5 million);
·******** Etihad Cargo revenue up 27 per cent; and
·******** revenue from codeshare/equity partners up 31 per cent to US $471 million, representing 23 per cent of passenger revenue.
*
This represents our strongest half-year financial performance on record and on behalf of the senior management team, I thank you for your tremendous contribution and ongoing commitment.
*
At a time when the global airline industry has struggled with high fuel prices, intense competition and a slowdown in the cargo market, Etihad Airways has achieved record success, carrying more passengers and cargo to more destinations around the world, with our biggest fleet to date.
*
We will continue to build our network to 103 world-class destinations in 2014. So far, we have launched new services to Los Angeles, Jaipur, Medina, Yerevan, and Zurich, with Rome, Perth, Phuket and Dallas to follow.
*
Our fleet has also expanded to 102 aircraft, with seven aircraft delivered in Q2. An additional six aircraft will be received in the second half of 2014, including our first Airbus A380 and Boeing 787, which commence operations in December.
*
Etihad Airways’ organic growth in 2014 has been strongly supported by codeshare and equity partnerships which delivered an estimated 1.4 million passengers onto our flights in the first half of the year, up 28 per cent versus 2013.
*
In Q2, a new codeshare agreement was signed with GOL and existing codeshares were expanded with partners including Jet Airways, airberlin, Air Serbia, Air France and South African Airways. More than 754,000 passengers were delivered onto Etihad Airways flights, up 32 per cent year-on-year and contributing revenue of US $247 million.
*
Meanwhile, our workforce grew to 20,149 employees by the end of the first half, up 28 per cent year-on-year. Within the core airline, 1,628 employees are UAE nationals, 19 per cent more than the same period in 2013, and Emiratis are the number one nationality group at manager level. *
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As we move forward, it is critical that we continue to remain focused and work hard, remembering that complacency is the enemy of success. Thank you once again for delivering these results and always strive to work together as one united, co-operative, and winning team.
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