Etihad Airways’ Q1 income climbs 27pc to $1.4b

ABU DHABI, Apr 15 (AFP): Abu Dhabi's Etihad Airways reported Tuesday a 27-per cent annual rise in revenues to $1.4 billion for the first quarter of 2014 on the back of surging passenger and cargo figures.
Etihad, which is in advanced talks to buy a stake in Italy's struggling Alitalia, said income from equity partners and codesharing deals increased 23 per cent to $223 million in the first three months of 2014, compared with the same period last year.
The fast-growing Gulf airline declined to say whether it registered any profits or losses in the quarter.
Passenger volumes increased 14 per cent over the same period to 3.2 million, while cargo volumes grew 26 per cent to 127,821 tonnes, said Etihad.