Etihad Airways records profit for second year running

Etihad Airways, the national airline of the United Arab Emirates, was profitable again in 2012. President and Chief Executive, James Hogan, stated that the 2012 result follows Etihad Airways’ maiden profit in 2011 of $14 million. Hogan added that more details of the airline’s financial results would be released next month. Hogan explained how Etihad Airways’ focus on cost control and the creation of value and scale had helped drive its impressive expansion. He spoke of the airline’s strong financial portfolio with more than $6.5 billion in funding from more than 50 financial institutions across the world, and he gave