Etihad logs in strong recovery in passenger operations for 2021

Etihad logs in strong recovery in passenger operations for 2021


The publish Etihad logs in strong recovery in passenger operations for 2021 appeared first on TD (Travel Daily Media) Travel Daily.

Etihad Airways has seen a strong recovery in passenger operations for 2021 because it reviews its monetary outcomes for the 12 months. However, the provider nonetheless misplaced $476 million in 2021, an enchancment on the $1.7 billion misplaced in 2020. The airline carried 3.5 million passengers in 2021, with a mean seat load issue of 40 per cent.

Passenger hundreds doubled in the second half of the 12 months, reaching 70 per cent in December as journey demand peaked through the winter vacation interval. The airline recorded a very strong surge in passenger volumes in quarter 4 following the September leisure of obligatory quarantine intervals in Abu Dhabi.

Network capability got here in at 37.21 billion ASKs for the 12 months, with the airline connecting Abu Dhabi to 71 passenger and cargo locations throughout 47 international locations. The airline launched or restarted operations to 13 locations in 2021, most notably introducing scheduled companies to Tel Aviv following the normalisation of relations between the UAE and Israel.

Etihad Airways posted passenger revenues of US$ 1.07 billion in 2021, down by 14 per cent year-on-year. While ongoing journey restrictions and new variants of the virus dampened demand, the airline noticed passenger revenues bounce again in the final quarter of the 12 months, recovering to 50 per cent of 2019 ranges in December.

Tony Douglas, group chief government at Etihad Group, commented: “In another year of global uncertainty, Etihad Airways has continued to move forward, strengthen its business, and build on its world-class travel proposition. As always, this has been thanks to our remarkable people who have gone above and beyond to make the most of every opportunity. Despite the slowdown caused by Omicron, we are confident that the spring and summer season will continue to see a resurgence in travel as more people return to the skies.”

As operations progressively ramped up all through 2021, Etihad maintained an absolute concentrate on price management, lowering working prices by an extra US$110 million, regardless of a US$197 million improve in gas prices pushed by rallying oil costs.

The publish Etihad logs in strong recovery in passenger operations for 2021 appeared first on Travel Daily.



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