A year of sustained growth for Etihad Airways in 2016 as it evolves into Etihad Aviation group

Published on : Thursday, February 9, 2017

unnamed (7)Etihad Airways delivered another year of sustained growth in 2016, helped by new aircraft, additional frequencies and the introduction of further world-class products. The airline carried 18.5 million guests during the year, up six per cent on 2015.

The airline was also part of the evolution of Etihad Aviation Group, a wider aviation and tourism business which now also includes Etihad Airways Engineering; Airline Equity Partners; Etihad Airport Services and Hala Group. The formation of Etihad Aviation Group was announced in May 2016.

During the year, Etihad Airways operated more than 109,000 scheduled passenger and cargo flights spanning around 446 million kilometres and 112 destinations. Capacity, measured in available seat kilometres (ASK), grew by nine per cent and passenger traffic, measured by revenue passenger kilometres (RPK), rose by eight per cent. The average load factor held steady at 79 per cent.

Etihad Airways’ fleet of 119 aircraft is one of the youngest and most environmentally-friendly in the industry, with an average age of 6 years. During the year, the airline took delivery of 10 aircraft: three Airbus A380s, five Boeing 787s and two Boeing 777-200 cargo freighters. An additional 12 aircraft are set for delivery in 2017, including nine Boeing 787s, two Airbus A380s and one A330-200 freighter. Etihad holds the strongest credit rating in the aviation industry (A by Fitch), demonstrating the strength of its successful business model which is widely acknowledged by the international financial community.

James Hogan, President and Chief Executive Officer of Etihad Aviation Group (EAG), said: “2016 saw sustained growth in a very tough business environment. This is where Etihad Airways’ superior products and services show their true value and where the strength of the EAG business model comes into effect through its diversity of businesses, cost effective synergies and global spread of risk. Most importantly, in 2016 we were able to introduce our new Group structure, which positions this business for long-term growth and development.”

Etihad Airways launched Venice in Italy, Rabat in Morocco and Sabiha Gokcen in Turkey as new destinations in 2016. The much-admired Airbus A380 began serving Mumbai and Melbourne, and the Boeing 787 Dreamliner was deployed on new routes, including Perth, Shanghai, Johannesburg and Dusseldorf. The airline added a fifth daily flight on the Doha route, an extra daily flight to Cairo and Kozhikode, and increased frequencies to Dammam, Manila and Tehran.

Etihad Airways carried more than 76 per cent of the total passengers who travelled to and from Abu Dhabi International Airport in 2016. With the addition of the airline’s equity partners that operate flights into the UAE capital, the combined total rises to 86 per cent of passenger traffic at the airport.

 

Source:- Etihad Airways

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