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Sat 30 Jan 2010 11:10 AM

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Etihad Airways reiterates profit estimates for 2011

UAE carrier has pushed back profitability target by a year as downturn, swine flu hit yields .

Abu Dhabi's Etihad Airways chief executive James Hogan reiterated on Saturday the airline is set to make a profit in 2011.

The national carrier of the world's third largest oil exporter has pushed back a profitability target by a year as the financial crisis had hit yields and the global flu pandemic had slowed passenger traffic.

"Out profit target is 2011," Hogan told Reuters Insider television on the sidelines of the World Economic Forum in Davos.

The six-year old airline competes with Dubai's Emirates and Qatar Airways. (Reuters)

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CH 10 years ago

What does swine flu have to do with profitability targets? Sounds like anything can be use as a excuse for a set back and as diversion. Let just keep it at economical downturn and meltdown. I know it's a bit too honest but a least it better than blame the flu....

Steve 10 years ago

We've been hearing about profits for 4 years and yet again it will still be another 2 years before profitability. For any organisation to be successful it needs to show profitability not just awards .... Emirates is a good example of this.

sultan 10 years ago

i dont know why people just blame others for what they say, i think hogan is right about the flu, off course the flu had a negative effect on travel, its a no brainer!!!