Abu Dhabi's Etihad posts triple profits
Feb 04 2013 , Abu Dhabi
Government-owned Etihad said today that 2012 net profit jumped to $ 42 million, compared to $ 14 million in 2011.
Revenue rose 17 per cent to $ 4.8 billion.
Etihad began flying to six new destinations last year, including Shanghai and Kenya's capital, Nairobi. It also has announced expanded service this year to Washington and other cities.
Eithad has aggressively sought to expand cost-share agreements and purchase stakes in foreign airlines such as airberlin and Virgin Australia.
The carrier is locked in deepening competition with Gulf rivals Qatar Airways and Dubai-based Emirates.