Etihad first-quarter profit jumps 30% on strong demand
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FILE PHOTO: Etihad Airways Airbus A320-200 is seen at the National Airport Minsk, Belarus April 19, 2018. REUTERS/Vasily Fedosenko/File Photo
DUBAI (Reuters) - Etihad Airways' first-quarter profit after tax jumped 30% to 685 million dirhams ($186.52 million), it said on Wednesday, citing strong demand and improved operational efficiency.
Total revenue rose 15%, supported by growth in both passenger and cargo business.
Passenger revenue climbed 16% to 5.5 billion dirhams ($1.50 billion), bolstered by increased capacity, ongoing network expansion and more frequent flights.
"We are proud to deliver a record-breaking quarter – both in profitability and in guest satisfaction," said CEO Antonoaldo Neves.
($1 = 3.6726 UAE dirham)
(Reporting by Federico Maccioni; Writing by Tala Ramadan; Editing by David Goodman)
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