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Etihad posts its maiden profit
ARABIAN airline Etihad yesterday posted its first net annual profit, crediting new partnerships and strong cost control for the $14m gain on revenues up 36 per cent to $4.1bn.
The eight-year-old firm said passenger numbers rose 17 per cent to 8.3m during the year, and it said further growth was expected from its recent deal with Air Berlin.
Etihad said it will look at further expansion opportunities, including Ireland’s struggling carrier Aer Lingus. President James Hogan said he hopes to now steer the firm to sustainable profitability.