Etihad Airways A330-200. By Rob Finlayson Etihad Airways (EY) said it exceeded its target of breaking even in 2011 by posting a $14 million net profit for the full year, marking the first time the Abu Dhabi-based carrier, launched in 2003, was in the black on an annual basis. "Five years ago we said we would be profitable by 2011," president and CEO James Hogan (ATW, Jan. 1), who took over the carrier's helm in 2006, said in a statement. "Despite the global ...

Subscribe to Access this Entire Article

"Etihad reaches profitability milestone, earns $14 million in 2011" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.