Etihad Airways Fast Facts & Figures Q2 2014

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1 OUR BUSINESS Etihad Airways, the national airline of the United Arab Emirates, was set up by Royal (Amiri) Decree in July 2003. Etihad Airways commenced operations in November 2003, and in 10 years has become one of the fastest growing airlines in the history of commercial aviation. This airline has received a range of awards that reflect its position as one of the world’s leading premium airline brands, including ‘World’s Leading Airline’ at the World Travel Awards for five consecutive years. Its main business is the international air transportation of passengers. Etihad Airways also operates Etihad Cargo, Etihad Holidays, and a global contact centre organisation as part of its commercial group. ETIHAD AIRWAYS STRENGTHENS REVENUE WITH SOARING PASSENGER AND CARGO VOLUMES IN FIRST HALF OF 2014 Etihad Airways has reported double-digit growth in passenger and cargo volumes during the first half of 2014, marking its strongest ever performance for the six-month period, with total revenues increasing to US$3.2 billion. A total of 6.7 million passengers travelled with the airline between January and June this year, almost 22 per cent higher than the 5.5 million passengers in the same period last year. Etihad Cargo also outperformed the global market, carrying 268,713 tonnes of freight and mail during the first half of 2014, up 25 per cent year-on-year, and contributing US$520 million to the airline’s total revenue. It remains on track to become a billion dollar business in 2014. The impressive performance was supported by Etihad Airways’ continued growth in the second quarter of 2014, with 3.5 million passengers and 140,892 tonnes of freight and mail carried over the three-month period, both up 25 per cent on the same period last year. Passenger and cargo volumes were boosted by the fast-paced growth of Etihad Airways’ global route network, with 98 destinations operational by the end of H1 2014, compared to 92 in the same period last year. Organic growth was supported by codeshare and equity alliance partnerships in the first half of 2014, delivering an estimated 1.4 million passengers onto Etihad Airways flights (+28 per cent year-on-year) and contributing revenue of US$471 million, which represented 23 per cent of the airline’s passenger revenue. Etihad Airways’ passenger carrying capacity, measured in Available Seat Kilometres (ASK), was 39.4 billion by the end of H1 2014, an increase of 19 per cent year-on-year. The airline’s fleet also expanded to 102 aircraft, with seven aircraft delivered in the second quarter alone. OUR LATEST AWARDS 2014 World Travel Awards Middle East: Middle East’s Leading Airline Middle East’s Leading Airline - First Class Middle East’s Leading Cabin Crew 2014 Business Traveller Middle East Awards: Best Economy Class Best Frequent Flyer Program 2014 Destaque Awards, Brazil: Best Airline in the World Best International Airline 2014 Air Transport World - Industry Achievement Awards: Airline Market Leadership 2013 World Travel Awards: World’s Leading Airline World’s Leading First Class World’s Leading Airline Cabin Crew 2013 Global Traveler Awards: Airline of the Year Best First Class Best Airport Lounges 2013 Airline Strategy Awards: Executive Leadership - James Hogan, Etihad Airways President and Chief Executive Officer FAST FACTS AND FIGURES Q2/2014 Key Indicator H1 2014 H1 2013 Variance Total revenue (US$ B) 3.2 2.5 +28% Partnership revenue (US$ M) 471 358 +31% Passengers (M) 6.7 5.5 +22% Available seat kilometres (ASKs B) 39.4 33.1 +19% Cargo tonnage (T) 268,713 215,124 +25% H1 2014 AND 2013 COMPARISON

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Etihad Airways Facts & Figures for second quarter of 2014

Transcript of Etihad Airways Fast Facts & Figures Q2 2014

Page 1: Etihad Airways Fast Facts & Figures Q2 2014

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OUR BUSINESSEtihad Airways, the national airline of the United Arab Emirates, was set up by Royal (Amiri) Decree in July 2003. Etihad Airways commenced operations in November 2003, and in 10 years has become one of the fastest growing airlines in the history of commercial aviation.This airline has received a range of awards that reflect its position as one of the world’s leading premium airline brands, including ‘World’s Leading Airline’ at the World Travel Awards for five consecutive years.Its main business is the international air transportation of passengers. Etihad Airways also operates Etihad Cargo, Etihad Holidays, and a global contact centre organisation as part of its commercial group.

ETIHAD AIRWAYS STRENGTHENS REVENUE WITH SOARING PASSENGER AND CARGO VOLUMES IN FIRST HALF OF 2014Etihad Airways has reported double-digit growth in passenger and cargo volumes during the first half of 2014, marking its strongest ever performance for the six-month period, with total revenues increasing to US$3.2 billion.A total of 6.7 million passengers travelled with the airline between January and June this year, almost 22 per cent higher than the 5.5 million passengers in the same period last year. Etihad Cargo also outperformed the global market, carrying 268,713 tonnes of freight and mail during the first half of 2014, up 25 per cent year-on-year, and contributing US$520 million to the airline’s total revenue. It remains on track to become a billion dollar business in 2014. The impressive performance was supported by Etihad Airways’ continued growth in the second quarter of 2014, with 3.5 million passengers and 140,892 tonnes of freight and mail carried over the three-month period, both up 25 per cent on the same period last year. Passenger and cargo volumes were boosted by the fast-paced growth of Etihad Airways’ global route network, with 98 destinations operational by the end of H1 2014, compared to 92 in the same period last year.Organic growth was supported by codeshare and equity alliance partnerships in the first half of 2014, delivering an estimated 1.4 million passengers onto Etihad Airways flights (+28 per cent year-on-year) and contributing revenue of US$471 million, which represented 23 per cent of the airline’s passenger revenue.Etihad Airways’ passenger carrying capacity, measured in Available Seat Kilometres (ASK), was 39.4 billion by the end of H1 2014, an increase of 19 per cent year-on-year. The airline’s fleet also expanded to 102 aircraft, with seven aircraft delivered in the second quarter alone.

OUR LATEST AWARDS2014 World Travel Awards Middle East:• Middle East’s Leading Airline

• Middle East’s Leading Airline - First Class

• Middle East’s Leading Cabin Crew

2014 Business Traveller Middle East Awards: • Best Economy Class

• Best Frequent Flyer Program

2014 Destaque Awards, Brazil:• Best Airline in the World

• Best International Airline

2014 Air Transport World - Industry Achievement Awards: • Airline Market Leadership

2013 World Travel Awards: • World’s Leading Airline

• World’s Leading First Class

• World’s Leading Airline Cabin Crew

2013 Global Traveler Awards:• Airline of the Year

• Best First Class

• Best Airport Lounges

2013 Airline Strategy Awards: • Executive Leadership - James Hogan, Etihad Airways

President and Chief Executive Officer

FAST FACTS AND FIGURES Q2/2014

Key Indicator H1 2014 H1 2013 Variance

Total revenue (US$ B) 3.2 2.5 +28%

Partnership revenue (US$ M) 471 358 +31%

Passengers (M) 6.7 5.5 +22%

Available seat kilometres (ASKs B) 39.4 33.1 +19%

Cargo tonnage (T) 268,713 215,124 +25%

H1 2014 AND 2013 COMPARISON

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2006

CARGO TONNAGE (’000 T)2007 2008 2009 2010 2011 2012 2013 H1/2014

400

500

487

368310

263219194175

121

268 200

100

300

2006

DESTINATIONS (passenger and cargo)2007 2008 2009 2010 2011 2012 2013 H1/2014

120

102

86817969

5950

43

103

40

20

60

80

100

2006

PASSENGERS (M)2007 2008 2009 2010 2011 2012 2013 H1/2014

12

11.510.2

8.37.1

6.36.04.6

2.8

6.74

2

6

8

10

2006

FLEET2007 2008 2009 2010 2011 2012 2013 H1/2014

100

89

7064

575342

3722

102

20

40

60

80

OUR BUSINESS - 2014PROFITABILITY WEAK BUT STILL MAKING MAJOR ECONOMIC CONTRIBUTION

The International Air Transport Association (IATA) has launched the Economic Performance of the Airline Industry report outlining how air transport is adding value for consumers, the wider economy, governments, and investors. These benefits are being generated and investments being made, despite persistent weak profitability and a tax burden which this year is expected to reach US$121 billion (up from US$113 in 2013). Airlines are expected to earn a net profit in 2014 of US$18.0 billion (a slight downgrade from the previous forecast of US$18.7 billion in March), for a net profit margin of 2.4 per cent. This will be up from earnings of US$6.1 billion in 2012 and US$10.6 billion last year.

“Aviation is a catalyst for economic growth. Airline revenues now total one per cent of global GDP and the industry will safely

transport 3.3 billion people and US$6.8 trillion worth of goods this year. In addition, the jobs and tourism receipts aviation

helps generate are major contributors to the global economy. Airlines themselves remain burdened with high taxes and weak

profitability.” Tony Tyler, IATA’s Director General and CEO.

FAST FACTS AND FIGURES Q2/2014

EBIT Margin% revenue

Net profitUS$ billion

RPKs% change

ASKs% change

North America 6.8% 9.2 2.7% 2.0%

Europe 1.8% 2.8 4.7% 4.5%

Asia Pacific 3.2% 3.2 7.4% 7.0%

Middle East 3.3% 1.6 13.0% 13.0%

Latin America 4.1% 1.1 6.0% 6.5%

Africa 1.0% 0.1 5.8% 6.5%

2014 FORECASTS

2006

SEAT FACTOR (%)2007 2008 2009 2010 2011 2012 2013

78%78%76%74%74%75%

69%

60%

H1/2014

80%

60%

50%

70%

80%

2006

REVENUE (US$ B)2007 2008 2009 2010 2011 2012 2013 H1/2014

6

7

6.1

4.84.1

3.02.32.5

1.60.8

2

1

3

4

5$3.2

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OUR COMBINED EQUITY PARTNERSHIPS

* Combined unique destinations** Combined membership with Etihad Airways’ loyalty progam, Etihad Guest: 2.47 million members

21.24%

63137 19.3M 4.2M

Etihad Airways currently holds a 21.24 per cent equity stake in Virgin Australia, in line with approvals from the Foreign Investment Review Board. The equity investment in Virgin Australia’s domestic operations significantly strengthens the 10-year strategic partnership agreement signed by the two carriers in August 2010.

Etihad Airways acquired a 24 per cent equity stake in Jet Airways in November 2013, following full regulatory approval by the Indian government. The move paves the way for greater collaboration between the two airlines, which will deliver significant network and service benefits to passengers travelling to and from India over Etihad Airways’ hub in Abu Dhabi.

%2471112 17.2M N/A

Building on its initial investment in Aer Lingus in May 2012, Etihad Airways has increased its stake in the Irish national carrier to over four per cent.

4.99%

8050 10.8M N/A

In January 2012, Etihad Airways acquired a 40 per cent stake in Air Seychelles Ltd, as part of a strategic partnership. The agreement, the first of its kind in Africa, includes a five-year management contract for Etihad Airways to support the implementation of strategic measures guiding Air Seychelles’ long-term commercial growth.

40%

67 0.35M **

Etihad Airways holds a 29.21 per cent stake in airberlin – Europe’s sixth largest airline and Germany’s second biggest carrier, and is airberlin’s single largest shareholder.Etihad Airways holds a 70 per cent stake in a new entity incorporated to own airberlin’s topbonus frequent flyer program, the first step in the establishment of a global loyalty platform. airberlin holds the remaining 30 per cent.

29.21%

120148 31.5M 3.5M

3212 0.45M **33.3%

In November 2013, Etihad Airways announced it was acquiring a 33.3 per cent stake in Swiss carrier Darwin Airline. Subject to regulatory approval, the minority investment will enable a major expansion of Etihad Regional’s operations, operated by Darwin Airline, and provide Etihad Airways with access to regional markets in Europe.

OUR CODESHARE PARTNERSCodeshares and strategic partnerships have contributed US$ 471 million todate.Our codeshares give us a combined passenger and cargo network of over 450 destinations, and over 17,700 flights per week, more than any other Middle Eastern airline.Etihad Airways currently has 194 interline relationships and 47 codeshare partnerships in place with:

• Aegean Airlines• Aer Lingus • Air Astana• airBaltic• airberlin• Air Canada• Air Europa• Air France • Air Malta• Air New Zealand• AirSERBIA• Air Seychelles• Alitalia• All Nippon Airways • American Airlines• Asiana Airlines• Bangkok Airways • Belavia (Belarusian Airlines)

• SN Brussels Airlines • China Eastern Airlines• Cyprus Airways• Czech Airlines• Darwin Airline (Etihad Regional)• Flybe• Garuda Indonesia• Gol Linhas Aéreas Inteligentes• Hainan Airlines• Jet Airways• JetBlue Airways• Kenya Airways• KLM Royal Dutch Airlines• Korean Air Lines• Malaysia Airlines

• Middle East Airlines• NAS Air (flynas)• Niki (flyniki)• Philippine Airlines• Royal Air Maroc• Saudi Arabian Airlines (Saudia)• Siberia Airlines (S7 Airlines)• SNCF • South African Airways• SriLankan Airlines• TAP Portugal• Turkish Airlines• Vietnam Airlines • Virgin Australia

583 352*92.6M

FAST FACTS AND FIGURES Q2/201449 %

3815 1.39M **

Etihad Airways acquired a 49 per cent equity stake in Air Serbia as part of a strategic partnership. The agreement includes a five-year management contract, a fleet of new aircraft, and a new integrated network of international destinations, enabling greater access for business and leisure travelers to Serbia. Air Serbia was launched as the national airline of the Republic of Serbia on 26 October 2013.

OUR EQUITY PARTNERS

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OUR FLEETEtihad Airways’ fleet is one of the youngest in the world and, as at 30 June 2014, comprises 102 passenger and cargo aircraft:

Aircraft type Current FleetAircraft arrivals

2014-2025

Airbus A320 family 28 35

Airbus A330 family 28 -

Airbus A340 family 11 -

Airbus A350 - 62

Airbus A380 - 10

Boeing 787 - 71

Boeing 777 family 25 26

Airbus 330-200F (Freighter) 4 1

Boeing 777-200F (Freighter) 3 1

Boeing 747-F (Freighter) 3 -

Total 102 206

FAST FACTS AND FIGURES Q2/2014

Etihad Airways celebrated a major milestone as the fastest growing airline in commercial aviation history, when it took delivery of its 100th and 101st aircraft on 25 June.The one hundredth aircraft, a new Airbus A321-231, was delivered from the Airbus Finkenwerder facility in Hamburg. On arrival in Abu Dhabi, the aircraft was welcomed by over 500 Etihad Airways employees at a specially organised photo-shoot to mark the occasion.

The airline now operates three Airbus A321 aircraft, with seven more on order. The A321 delivery was joined by the airline’s 101st aircraft, an Airbus A320-200. Both aircraft are equipped with sharklets, which are blended winglets at each wingtip, designed to enhance the payload-range performance, allowing a significant reduction in fuel-burn.In November 2013, Etihad Airways placed its largest

ever aircraft order at the Dubai Airshow with a value of US$67 billion for up to 199 aircraft and 294 engines. The airline will take delivery of its first Boeing 787-9 and Airbus A380 aircraft in October and December of this year respectively. These aircraft will feature Etihad Airways’ revolutionary new cabins, which were unveiled on 4 May 2014, including for the first time in the airline industry, a luxurious self-contained three room cabin on the A380 known as ‘The Residence’, featuring a separate living room, bathroom and double bedroom.

ETIHAD AIRWAYS TAKES DELIVERY OF ITS 100TH AIRCRAFT 206

aircraftto arriveby 2025

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Tiblisi

Vienna

Sharjah

Eldoret

GuangzhouChittagong

Kabul

Quito

Viracopos

Fukuoka HonoluluKumamoto

Kagoshima

Sapporo

OsakaMatsuyama

NiigataSendai

Okinawa

KuchingJohor Bahru

Padang

LangkawiPenang

PhuketKrabiKoh Samui

Denpasar Bali

Kota Kinabalu

Cebu KaliboTacloban

Laoag

Legaspi

BacolodRoxas

Puerto PrincesaDumaguete ButuanTagbilaranCagayan de Oro

DavaoGeneral SantosCotabatoOzamis

DipologZamboanga

Phnom PenhTrat

Luang PrabangMandalay

KolkataPatna

Vadodara

Lucknow

Amritsar

Goa Mangalore

HanoiChiang Mai LampangYangon

Nay Pyi Taw

Praslin

Dakar

Bamako

Nouakchott

OujdaNador

Lisbon

TangiersFez

MarrakechOuarzazate

Agadir

Minneapolis La Crosse

Columbus BaltimorePhiladelphia

ClevelandPittsburghHarrisburg

Newark

BostonHartford

NY - La Guardia

Rochester

ToledoBu�alo Westchester

SyracuseBurlington

OttawaMontreal

Halifax

St. Johns

Detroit

IndianapolisBloomington Champaign

Washington, D.C.

Raleigh (Durham)

Des MoinesDubuque

MadisonMilwaukeeWaterloo

Sioux City

Omaha Moline

Saint LouisEvansville

Louisville

LexingtonTulsa

DenverSalt Lake City

Redmond

Eugene

San Jose

AlbuquerqueNashville

KnoxvilleCharlotte Douglas

MemphisHuntsville

Little RockNW Arkansas

Atlanta

San Antonio

Oklahoma

Miami

San JuanAguadillaPonce

OrlandoWest Palm Beach

Fort LauderdaleTampaBradenton

Fort Myers

Austin

Dallas

Houston New Orleans

Las VegasBurbank

TucsonEl Paso

San Francisco

San Diego

Santa Barbara

PhoenixLos AngelesLong Beach

SeattlePortland

RenoSacramento

Oakland

Vancouver

Fort McMurray

ReginaWinnipeg

Saskatoon

Covington

Prague

Krasnodar

St. Petersburg

RigaBillund

Goteborg

Barcelona

Helsinki

LappeenrantaTurku

AalesundBergen

Stockholm-ArlandaStavanger

Oslo

Copenhagen

Hamburg

Kazan

Samara

Gothenburg

StockholmHelsinkiOslo

Copenhagen

PragueNürnberg

KosiceStuttgart

ZurichLugano

Inverness Aberdeen

EdinburghBelfast

RhodesThiraKos

SamosMykonos

Chania

KefalliniaKerkyra Ioannina

Irakleion

ThessalonikiBarcelona

Lyon

Madrid

Bucharest

Rome Tirana

Venice Venice

SofiaAlexandroupolis

KavalaLimnos

Mytilini

BirminghamLondon Stansted

AmsterdamBerlin

Hamburg

Warsaw

Gdansk

Krakow

Budapest

Belgrade

SouthamptonExeterNewquayJersey

Malta

Isle of Mann

ChristchurchQueenstown

Dunedin

Auckland

RotoruaHamilton

Wellington

Hobart

Launceston

AdelaideCanberra

Albury

Gold Coast

Co�s HarbourPort Macquarie

Newcastle

Ballina

Ayers Rock (Uluru)

Darwin

Broome

ProserpineKarrathaPort Hedland

Newman

Cairns

TownsvilleHamilton IslandMackay

RockhamptonGladstone

Hervey BaySunshine Coast

MarseilleToulouse

ViennaGraz

Salzburg

Palma de MallorcaAlicante

Glasgow

Mildura

Kansas City

Lisbon

London GatwickBristolCardi�Cork

ShannonKerry

Bordeaux

Nice

Stavanger

BillundNewcastleDurham

Berlin

Vilnius

Klaipeda

Valencia

Vientiane

Kochi

Miyazaki

OitaNagasaki

ToyamaKomatsu

Akita

Manado

Conakry

Hong Kong

Malaga

Perth

Learmonth

SurabayaSurakarta

Balikpapan

Ujung Pandang

Gaborone

Cape Town

Durban

East London

Port Elizabeth

BujumburaBrazzaville

Pointe-Noire

Entebbe/Kampala

Dar es Salaam

Djibouti

Kigali

LusakaHarareLivingstone

Banjul

Mount Isa

Bundaberg

Moranbah

Grand Rapids

Jacksonville

SavannahCharlestonOrange County

Blackpool

Nottingham

Bournemouth

Porto

Faro

CasablancaMadeira

Dakar

SalPraia

Emerald

Bergen

FresnoMonterey

Tallin

Bussellton

Geraldton

ParaburdooLearmonth

Kalgoorlie

Kununurra

EsperanceRavensthorpeAlbany

Derby

Dallas

Medina

Perth

Dammam

Jeddah

DamascusLarnaca

Riyadh DohaBahrain

Abu Dhabi

Beirut

Banja Luka

KuwaitAmman

Baghdad

Tehran

Johannesburg

Khartoum

Cairo

CasablancaTripoli

MunichFrankfurt

Stuttgart Kos

Kerkyra

Düsseldorf

MilanGeneva

London

Athens

Paris

Dublin

Brussels

TorontoChicago

New York

ThiruvananthapuramKochi

Kozhikode

Delhi

MumbaiHyderabad

Bengaluru Chennai

Karachi

Kathmandu

Colombo

Dhaka

Chengdu ShanghaiLahoreIslamabad

Peshawar

Astana

Almaty

Nagoya

SeoulTokyo

Beijing

Manila

Jakarta

Bangkok

Kuala Lumpur

Singapore

Brisbane

Melbourne

Sydney

Minsk

Moscow

Erbil

Basra

Manchester

Istanbul

MunichFrankfurt

Düsseldorf

MilanGeneva

London

Athens

Paris

Dublin

Brussels

Manchester

Istanbul

Brisbane

Melbourne

Sydney

Malé

Seychelles

Nairobi

Lagos

AhmedabadMuscat

São Paulo

Ho Chi Minh City

Amsterdam

Mahé

Sana’a

UfaYekaterinburg

Ouagadougou

Malta

Yaounde

Belgrade

Yerevan

Zurich

Rome

Jaipur

Europe Network

Australasia Network

Podgorica

SarajevoSplit Dubrovnik

MAP KEY (July 2014)

Etihad DestinationsCodeshare Partner DestinationsEtihad Future DestinationsEtihad Unique Cargo DestinationsRound-the-World freighter service

Etihad Airways currently serves 103 destinations in 63 countries, including:Abu Dhabi, Ahmedabad, Almaty, Amman, Amsterdam, Astana, Athens, Baghdad, Bahrain, Bangkok, Basrah, Beijing, Beirut, Belgrade, Bengaluru (Bangalore), Brisbane, Brussels, Cairo, Calicut, Casablanca, Chengdu, Chennai, Chicago, Cochin, Colombo, Dallas (3 December), Damascus, Dammam, Delhi, Dhaka, Doha, Dublin, Düsseldorf, Erbil, Frankfurt, Geneva, Ho Chi Minh City, Hyderabad, Islamabad, Istanbul, Jaipur, Jakarta, Jeddah, Johannesburg, Karachi, Kathmandu, Khartoum, Kuala Lumpur, Kuwait, Lagos, Lahore, Larnaca, London Heathrow, Los Angeles, Maldives,

Manchester, Manila, Medina, Melbourne, Milan, Minsk, Moscow, Mumbai, Munich, Muscat, Nagoya, Nairobi, New York, Paris, Perth (15 July), Peshawar, Phuket (26 October), Riyadh, Rome (15 July), Sana’a, São Paulo, Seoul, Seychelles, Shanghai, Singapore, Sydney, Tehran, Thiruvananthapuram, Tokyo, Toronto, Tripoli, Washington D.C., Yerevan and Zürich.The airline also operates cargo freighters to 14 freighter-only destinations that include: Chittagong, Dar Es Salaam, Djibouti, Eldoret, Entebbe, Guangzhou, Hong Kong, Houston, Kabul, Miami, Quito, Sharjah, Tiblisi and Viracopos.

FAST FACTS AND FIGURES Q2/2014

9

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NEWS UPDATECloser ties with Philippine Airlines Etihad Airways and Philippine Airlines have signed a Memorandum of Understanding (MoU), paving the way for a renewed partnership agreement that delivers a comprehensive range of commercial benefits to the airlines and their customers, including: codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements, and cargo cooperation.

Interline agreement with Fiji AirwaysEtihad Airways and Fiji Airways have signed an interline agreement, providing enhanced connectivity between the outer South Pacific Islands and Etihad Airways’ global network. The agreement allows for reciprocal sales to and from 12 cities in Europe, 17 cities in the Middle East, five cities in Africa, five cities in North America, 29 cities in Asia and three cities in Australia to and from Fiji.

Air Seychelles returns to ParisEquity partner Air Seychelles has recommenced flights from the Seychelles to Paris after a period of two-and-a-half years. The new service is operated twice weekly with a brief stopover in Abu Dhabi. Combined with Etihad Airways’ existing twice daily Paris-Abu Dhabi codeshare flights, travellers now have a choice of 18 connections per week to and from the Seychelles. The Air Seychelles Paris flight also provides passengers with easy access and improved connections to more than 40 cities across Europe.

Etihad Regional expands network

In June, Etihad Regional launched new flights between Zurich and six new destinations in Europe, including daily services to Linz in Austria, Lyon in France, and Verona in Italy. It also launched a new four times per week service to Florence, a three times a week service to Turin - and twice weekly flights to Düsseldorf in Germany. The new routes bring the airline’s total destination network to 25.

Enhanced access to India Etihad Airways and equity partner Jet Airways have obtained regulatory approval to expand their codeshare agreement with 43 additional routes, bringing the total number of codeshare services to 71. Etihad Airways now places its EY code on domestic flights in India for the first time as part of the agreement, which also covers the six Jet Airways services to Abu Dhabi. Members of the integrated Etihad Guest and JetPrivilege frequent flyer programs are able to earn and redeem miles on these new routes, while also benefiting from reciprocal tier level recognition across both airlines’ global networks.

New charter service in SerbiaSerbia has launched a new charter service brand called Aviolet, which is fully operated by equity partner Air Serbia from Belgrade’s Nikola Tesla International Airport. Aviolet was developed to meet the strong demand for a charter service in the region and will serve destinations in Egypt, Greece, Italy, Spain, and Turkey, during the 2014 summer season.

Etihad launches new services to Los Angeles, Zürich and YerevanOn 1 June 2014, Etihad Airways launched its new daily service between Abu Dhabi and Los Angeles, its fourth destination in the USA, alongside Chicago, New York and Washington D.C. This will increase further on December 3 with the addition of direct flights to Dallas/Fort Worth. On the same day, Etihad Airways also launched its new daily flights between Abu Dhabi and Zürich, building on the airline’s existing daily flights between Abu Dhabi and Geneva launched 10 years ago, in 2004.On 2 July, Etihad Airways launched its new four times a week service the Yerevan, making it the first full service commercial airline from the Gulf to serve the capital of the Republic of Armenia.

Increased frequencies to Beirut and AmmanEtihad Airways will boost flights to Beirut and Amman from 18 per week to triple daily from July 2, 2014, adding more than 800 seats per week on both routes. The additional flights improve connections from the two Arab capitals to key destinations in Asia and Australia via Abu Dhabi.

Etihad Cargo enhances network with new routesEtihad Cargo has launched a weekly freighter service to Dar es Salaam, Tanzania’s biggest city and a major industrial and

FAST FACTS AND FIGURES Q2/2014

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economic centre in East Africa. The new service operates every Monday to Julius Nyerere International Airport (DAR) and offers customers heavy uplift capability of up to 64 metric tonnes. Separately, Etihad Cargo has enhanced cargo services to and from Switzerland and the US by offering bellyhold cargo capacity on flights between Abu Dhabi and Zurich and Los Angeles respectively. The service between Abu Dhabi and Zurich offers 260 tonnes of weekly bellyhold cargo uplift capability while flights between Abu Dhabi and Los Angeles offer 130 tonnes.

Airbus A380 and Boeing 787 Dreamliner productsEtihad Airways unveiled its impressive array of new products and services specifically designed and tailored for its new Airbus A380 and Boeing 787 Dreamliner aircraft, the first of which are scheduled to come into service later this year. The new products include: The Residence, First Apartment, First Suites, Business Studios, The Lobby and the Economy Smart Seat.

Premium lounge opens in SydneyEtihad Airways has unveiled its new First and Business class lounge at Sydney’s Kingsford Smith International Airport. Located in the international terminal’s Pier C, the new lounge offers guests a welcoming and relaxing environment with quality furnishings and a contemporary design. The Sydney lounge brings to nine the total number of Etihad Airways’ premium lounges across the network, that are also located in Abu Dhabi, Dublin, Frankfurt, London Heathrow, Manchester, Paris, and Washington DC.

Airframe and component services business Etihad Airways has completed an agreement to acquire Abu Dhabi Aircraft Technologies (ADAT) from Mubadala Development Company. The agreement includes maintenance teams, key hangar assets, component workshops, and paint facilities in Abu Dhabi. Mubadala will retain ADAT’s engine focused maintenance, repair and overhaul (MRO) business.

Etihad Flight CollegeEtihad Airways has announced plans to establish a world-class flight training facility in the UAE for Emirati and international cadet pilots called the Etihad Flight College. As a first step, the airline has signed an agreement to acquire the fixed wing training division of Horizon International Flight Academy, a wholly owned subsidiary of Mubadala Development Company. Subject to regulatory approvals, the agreement will see Etihad Airways acquire 13 Cessna 172SP Skyhawk aircraft, three Diamond DA42NG aircraft, two flight training simulators, and Horizon’s hangar facilities at Al Ain International Airport. In addition, all fixed wing flight instructors and a number of support staff currently employed by Horizon will transfer to the Etihad Flight College.

Etihad operations in Qatar shift to new airportEtihad Airways shifted operations of its four daily flights between Abu Dhabi and Doha to the new Hamad International Airport (HIA) in Qatar. As part of the shift, ticketing, check-in, baggage services and customer service operations have been moved to the new airport’s Terminal 1. Etihad Cargo has also moved its freighter operations to the new airport.

FAST FACTS AND FIGURES Q2/2014

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OUR SALESSales teams are based in every market in which the airline operates. Each market is managed by a General Manager who reports into one of seven geographical regions, led by a regional Vice President. The regions include:

• The Americas;• Europe;• Middle East, North Africa and Levant;• UAE;• Sub Sahara and the Indian Ocean;• Asia Pacific North and the Indian Subcontinent, and • Asia Pacific South and Australasia.

Global Accounts: a dedicated global sales team manages the commercial relationships with the airline’s biggest customers across a wide variety of industry sectors. These key partners include: multinational corporate accounts, travel management companies, online travel agents, tour operators, marine and student agents and specialist consolidators.

Hala Travel Management: is a joint venture between Etihad Airways (80 per cent) and BCD Travel (20 per cent) providing various travel management services to the Government of Abu Dhabi and its clients and supporting the growing requirement for a comprehensive service for corporate and government clients, including global airline reservations, hotel accommodation, car rental and insurance.

‘Essential Abu Dhabi’: promotes awareness of Abu Dhabi, the capital of the UAE, as one of the world’s top business and tourist destinations. A detailed directory of the Emirate’s attractions and exclusive offers on a wide range of products and services, including hotel accommodation, dining, shopping and cultural activities in more than 35 venues in Abu Dhabi, is available on the dedicated website: www.essentialabudhabi.com

Hala Abu Dhabi: is Etihad Airways’ in-house destination management company (DMC) offering full event and leisure planning services, including tailor-made solutions, from visa processing, travel, accommodation, tours and safaris, to venue selection and conference facilities.

Global contact centres: Etihad Airways currently has four global contact centres located in Abu Dhabi, Al Ain, Mumbai and Manchester, employing over 600 people who serve guests in 27 markets in 14 languages. The teams handle over 8,000 calls per day. Etihad Airways has set up an all-female call centre in Al Ain with the team of Emirati women, a first of its kind, being a key example of the airline’s Emiratisation program in action.

Etihad Cargo: operates a fleet of 10 dedicated cargo aircraft that fly on scheduled services to 26 of the airline’s passenger destinations in Europe, the Middle East, Asia and Africa. The airline also operates cargo freighters to a further 14 freighter-only destinations that include: Chittagong, Dar Es Salaam, Djibouti, Eldoret, Entebbe, Guangzhou, Hong Kong, Houston, Kabul, Miami, Quito, Sharjah, Tiblisi and Viracopos. Worldwide freighter charter services are also available, and further information can be found at: www.etihadcargo.com

Access Abu Dhabi: is an innovative joint initiative between Etihad Airways and Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) that promotes the Emirate as a leading leisure destination, and provides international trade partners with ‘Preferred Incentive Packages’ that include dedicated sales and marketing support, joint roadshows and familiarisation programs.

Etihad.com: is an integrated sales and marketing channel for the airline. The website is available in 15 languages – English, Arabic, French, German, Italian, Chinese, Japanese, Korean, Thai, Russian, Spanish (European), Portuguese (Brazilian), Greek, Turkish and Dutch. There are over 100 country-specific websites where customers can book flights, arrange car hire, chauffeur service, check in, view flight status, update and manage their bookings. Customers can join the Etihad Guest frequent flyer program online, view their mileage transactions, see Reward offers and also claim miles retroactively. Details about holiday packages offered by Etihad Holidays are also available on select site editions and are now bookable online.

Etihad Holidays: through our strong partnerships with our airline partners, tourism boards, international hotel chains and tourism service providers, Etihad Holidays offers a range of popular snow skiing, cruises and safari holiday packages, and tours and excursions to over 140 destinations in 45 countries in Africa, Australia, Asia, Europe, the Middle East and the Americas.

FAST FACTS AND FIGURES Q2/2014

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OUR PEOPLEEtihad Airways is one of the world’s leading airlines, and its continued success will be driven by its people, and the ability to source, develop, engage and deliver a highly focused multicultural workforce that is committed to its guests, and to each other.

The performance-driven culture created at the airline includes a robust performance appraisal process, objective-setting, and a focus on regular one-to-one discussions. The airline is building a meritocracy, where global opportunities, training and rewards are provided to those who excel. Etihad Airways’ global employee opinion survey results defined key people initiative – including managerial effectiveness training and Shukran, an employee recognition scheme.

Etihad Airways continues to source talent at a high volume

In Q2 2014, Etihad Airways welcomed nearly 1,830 new employees. - Recruitment for international locations represented 11 per cent of

total new joiners- 26.5 per cent of all vacancies were filled internally in Q2 2014- By the end of 2014, Etihad Airways plans to have 5,000 crew and

2,300 pilots

FAST FACTS AND FIGURES Q2/2014UAE national sourcing and development within EtihadAs the UAE’s national airline, Etihad Airways is committed to building a strong and successful Emirati workforce (currently 18.4 per cent of the core workforce) to complement its global, multicultural team.

A new generation of UAE national aviation leaders celebrated In June 217 Etihad Airways staff graduated from the airline’s award-winning Development Training Programs, designed to develop talented UAE Nationals into aviation leaders of the future.UAE Nationals were the top nationality within the graduates,

with over 182 UAE Nationals graduating from the Graduate Management Program, the Contact Centre Program, the Technical Engineering Program, and the Cadet Pilot Program. All graduates will now go on to join the airline in full-time positions according to their area of specialty. Since their creation in 2007, a total of 244 cadet pilots, 151 graduate managers and 340 contact centre agents have graduated from Etihad Airways’ UAE National Development programs.This year’s graduation was streamed live and was viewed by over 630 people across the global network. Graduates were encouraged to post their individual pictures and experiences via social media through the hashtag #etihadstars. These were viewed over 374,000 times.

ETIHADAIRWAYS(15,851)

ETIHADAIRPORTSERVICES

(4,298)

TOTAL EMPLOYEES: 20,149

UAE

International

Crew

Others

Pilots

Ground

Cargo

Catering

13,510

2,341

4,754

6,769

1,987

1,749

425

2,124

2006

EMPLOYEE GROWTH (’000 persons)2007 2008 2009 2010 2011 2012 2013 H1/2014

4

8

12

16

20

EMIRATI EMPLOYEES: 1,626

417 449

282

17497

153

54

In training programs

Managers

Senior Executives& Managers

On internationalassignment development Pilots & Crew

Sta�

Cadets

Etihad Airways(including EAS)

Etihad Regional (289)

airberlin

Virgin Australia(end of 2013)

Jet Airways

Aer Lingus

Air Serbia (1,176)

Air Seychelles (632)

EY & EQUITY PARTNER HEADCOUNT: 58,864

20,14913,945

9,200

4,000 9,473

Page 10: Etihad Airways Fast Facts & Figures Q2 2014

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OUR COMMUNITYEtihad Airways continues to drive economic growthAccording to the latest study by leading UK think tank, Oxford Economics, Etihad Airways and its partners continue to play a crucial role in supporting and driving economic growth in the UAE.The airline’s growth and sustained commercial success are good for Abu Dhabi. The economic contributions are classified into four key areas: direct (within Etihad Airways), indirect (suppliers to Etihad Airways), induced (spending of direct and indirect employees), and catalytic (impacts on other industries).The Etihad Airways group contributed a total of US$15.6 billion to Abu Dhabi’s GDP in 2013. This represents 12.8 per cent of the non-oil GDP of the Emirate. The Group supported 180,000 jobs in total.

Direct economic contribution:The airline contributed US$3.3 billion to Abu Dhabi’s GDP in 2013.Indirect economic contribution:Etihad Airways made an indirect economic contribution of US$1.7 billion and supported an additional 23,323 jobs in 2013 through fuel purchases, maintenance and repair, airport rental and landing fees, marketing, advertising, IT ventures and communications.

Induced economic contribution:An induced GDP contribution of US$1.6 billion and 22,296 additional jobs can be attributed to money spent during 2013 by employees of Etihad Airways and its suppliers.

Catalytic economic contribution:Etihad Airways played an important role in improving air links between Abu Dhabi and the rest of the global economy, and the airline’s expanding network was a key factor in encouraging businesses to invest in the Emirate and the UAE. These activities provided a catalytic economic contribution of nearly US$9 billion, and supported nearly 118,484 jobs.Etihad Airways was also a key contributor to the development and growth of tourism in the UAE in 2013, carrying 11.5 million passengers through its hub in Abu Dhabi.

DirectIndirectInducedCatalytic

4

8

12

16

20

2013

FUTURE CONTRIBUTION (US$ B)2015 2017

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OUR ENVIRONMENTProgress with the RNP-AR approach into Abu DhabiIn mid-2012 Etihad Airways launched the environmentally friendly RNP-AR (Required Navigation Performance – Authorisation Required) approach into Abu Dhabi International Airport with the design of new approach tracks.This initiative was made possible with close collaboration between the Abu Dhabi Airports Company, the UAE General Civil Aviation Authority and Etihad Airways. This is not only about reducing fuel consumption, its shorter predictable pathway technique reduces the workload of the controllers, improves safety, reduces traffic separation and increases airport capacity.With pilots requiring training to be qualified to use this technique, this procedure change has taken time to implement, with around 1600 crew requiring specific training. Steady progress has been made over the last two years with over 80 per cent of crew now qualified and 30 per cent of approaches now using this shorter, fuel efficient landing technique.From an environmental perspective the reduction in emissions per landing is significant. Each RNP-AR approach saves between 100 and 200 kilograms of fuel, enabling a reduction in carbon dioxide emissions by over 300 kilograms. The full implementation of this technique for all landings will save over 20,000 tonnes of fuel a year, and close to 70,000 tonnes of carbon dioxide emissions.

FAST FACTS AND FIGURES Q2/2014

RNP  

Non  RNP