Etihad set to break even this year

Monday, 21 November 2011 00:00 - - {{hitsCtrl.values.hits}}

Etihad Airways, the national carrier of the UAE, is on track to break even this year, a senior official of the airline was quoted as saying.

The airline expects revenues of $3.9 billion this year, Chief Financial Officer James Rigney said, according to a Gulf News report. “We saved around $300 million in costs through fuel hedging this year.

For the year, nearly 80 per cent of our fuel requirement is hedged,” Rigney was quoted as saying in the report.