Etihad Airways’ 2012 net profit increases to $42 million, will wet lease an Airbus A340-300 from Air France

Etihad Airways (Abu Dhabi) reported a net profit of $42 million (USD) in 2012, up 200 percent from the $14 million net profit in 2011. The company saw strong improvements in revenues, passengers numbers and cost control.

Revenue increased 17 percent to $4.8 billion (from $4.1 billion), on passenger numbers that were up 23 percent to 10.3 million (from 8.4 million). These numbers were boosted significantly by Etihad Airways’ equity partnerships and codeshares, which delivered more than $600 million in total revenue.

In other news, Etihad Airways has strengthened its relationship with Air France-KLM, with the announcement that the UAE flag carrier will wet-lease an Air France Airbus A340-300 for use on the Paris-Abu Dhabi route from May 15 to November 30. 

Air France will operate the 272 seat aircraft as one of Etihad Airways’ two daily Paris-Abu Dhabi return services – EY 37 and EY 38 respectively.

Last October, Etihad Airways and Air France-KLM forged a strategic partnership which saw the two airline groups work together to create value for each airline.

The agreement expanded the UAE flag carrier’s European network with codeshare services beyond Paris to Bordeaux, Copenhagen, Madrid, Nice and Toulouse, and saw Air France place its AF flight code on Etihad Airways operated flights between Paris Charles de Gaulle and Abu Dhabi, and to cities beyond.

In other news, the airline will introduce daily Abu Dhabi-Amsterdam service with Airbus A330-200s starting on May 15 per Airline Route.

Copyright Photo: Antony J. Best. Airbus A340-313X A6-EYC (msn 117) of Etihad climbs away from London (Gatwick).

Etihad Airways: AG Slide Show