Etihad Airways announces $103M profit for 2015
{{#rendered}} {{/rendered}}Etihad Airways, the United Arab Emirates' fast-growing national carrier, says it had a profit of $103 million in 2015 off total revenues of $9.02 billion.
The airline announced earnings Wednesday, saying 2015 marked its fifth year of profitability. It had a profit of $73 million and revenues of $7.6 billion in 2014.
Etihad, based in Abu Dhabi, says it carried 17.6 million passengers in 2015, an increase of 18.9 percent from the year before.
{{#rendered}} {{/rendered}}Etihad has credited its sales growth in part on its strategy of partnering with other carriers through minority equity stakes and codeshares outside of longer-standing traditional airline alliances.
The United Arab Emirates is also home to the Dubai-based long-haul carrier Emirates.