Etihad Airways, the national carrier of the United Arab Emirates, posted record financial results for 2013, with net profit up 48% to US$62m on revenues up 27% to US$6.1bn. The record performance also saw earnings before interest and tax (EBIT) up 22% to US$208m and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up 30% to US$979m, a margin of 16% of total revenues. This marked the third successive year of net profitability, in the airline’s tenth year of operation.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada