As Jet Airways deal gets cemented, Etihad Airways net profit triples

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Revenue rose 17% in 2012 to $4.8 billion from $4.1 billion in 2011, Etihad Airways said. (Reuters) Revenue rose 17% in 2012 to $4.8 billion from $4.1 billion in 2011, Etihad Airways said. (Reuters)
SummaryEtihad says net profit tripled as it added routes and code-share arrangements.

growing their reach into Europe, Asia and other markets.

Etihad said it carried 10.3 million passengers last year, up 23 percent over 2011. The average seat factor was 78.2 percent, up 2.4 percent over 2011.

Equity and code share partners contributed to more than 1.2 million passengers tapping Etihad's network. The airline hedged 80 percent of fuel costs during the year, the same level as in 2011.

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