Etihad revenue up 28% for Q1

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Etihad Airways has posted a 28% year-on-year increase in first-quarter revenue to $989 million, with passenger numbers rising 27.4% to 2.36 million.

Traffic, measured in revenue passenger kilometres, rose by 26.6% to 10.9 million as a combined consequence of new routes, additional frequencies and higher load factors. Load factor grew 3.8 percentage points to 76.5%.

Etihad's freight division, Etihad Crystal Cargo, saw its revenue increase by 12.2% to $159 million.

"We also continue to leverage our new corporate partnerships with Air Seychelles and Air Berlin by putting our networks together to offer more choice to cargo customers," says James Hogan, Etihad Airways president and chief executive.

The airline will continue to expand its global network over the next 18 months despite the economic headwinds, he says.