Etihad Airways posts 48 pc increase in net profit

Abu Dhabi-based Etihad Airways, which has acquired a 24 per cent stake in India's Jet Airways posted a record 48 per cent increase in its net profit last year at $62 million.

This marked the third successive year of net profitability for the UAE's national carrier in the tenth year of its operation.

Etihad in a statement released yesterday said its revenues were up 27 per cent to $6.1 billion.

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