Etihad Airways chief executive James Hogan says the airline is "on track for next year" to break even in 2011, having missed its target for profitability this year.

He admits the environment is "tough", but says that trade is "not far off where it needs to be", adding that the Abu Dhabi-based airline "hit its numbers" in 2007 and 2008 but had to undergo a "major cost programme".

But recovery is evident, he says, stating that freight traffic is back at 2008 levels and the South-East Asia market is strong.

Source: Flight International