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02 March 2024

Etihad Airways expects to earn profits in 2011

The national carrier has pushed back its profitability target by a year. (EB FILE)

By Staff Writer

Abu Dhabi's Etihad Airways Chief Executive Officer James Hogan reiterated yesterday that the airline was set to make a profit in 2011.

The national carrier of the world's third largest oil exporter has pushed back its profitability target by a year as the global financial crisis hit yields and the worldwide flu pandemic slowed passenger traffic.

"Out profit target is 2011," Hogan told Reuters Insider television on the sidelines of the World Economic Forum taking place in Davos.

The six-year old airline competes with Dubai's Emirates and Qatar Airways.


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