Etihad Airways recorded its first operating profit in the first quarter, putting it on track to achieve its target of breaking even this year and making a profit next year. Revenue surged to US$770 million (Dh2.82 billion) for the quarter, 21.2% higher than the same period last year. Passenger revenue rose 15% on the back of a 10.6% growth in passenger numbers to 1,854,392. Etihad’s percentage of seats filled fell to 72.7% in the first quarter from 75.1% in the same period last year, due to the impact of Middle East unrest and the Japanese earthquake. The airline’s first-quarter cargo

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