Abu Dhabi flag carrier Etihad Airways expects to follow its profits breakthrough year in 2011 with another positive result for 2012.
In 2011, Etihad posted its first ever profit of $14 million on revenues of $4.1 billion, and airline chief executive James Hogan says it has been profitable again in the last 12 months.
"We made a profit in calendar year 2011. We haven't announced calendar year 2012, but it will be profitable," he said, speaking in Amsterdam following a press conference to announce the launch of flights to the Dutch city.
The airline's revenues were up by nearly one fifth in the third quarter, reaching $1.3 billion.
With full-year passenger numbers rising by 22% and breaching the 10 million mark, Hogan says: "We had a strong year. What we are seeing is a maturing in how the network is working for us. Twenty percent of our revenues are codeshare revenues. So the codeshare strategy is working."
Etihad will this year launch flights to a number of new destinations, including Ho Chi Minh City, Washington DC and Sao Paulo - its first South America destination.