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Etihad Cargo Q3 revenue up 39%

Etihad Airways continued to achieve record growth in the third quarter of 2013, with revenue from passenger services exceeding $1 billion for the first time and passenger numbers passing three million.

Total revenue rose 11 per cent to $1.4 billion in the third quarter last year, while network-wide passenger load factors reached 81 per cent.

Passenger revenues increased by 10 per cent in the quarter ended September 31 to just over $1.03 billion, while cargo revenue was up by 39 per cent to $244 million.

Etihad Airways has codeshare agreements with 41 airlines and five equity partners.

Partnership contributions accounted for 23 per cent of total third-quarter passenger revenue, while passenger numbers rose by 11 per cent to 3.06 million. Etihad Cargo also delivered a 41 per cent increase in volumes during the quarter ended September 31 to 132,448 tonnes.

The airline transported 349,000 tonnes of cargo in the first nine months of the year, down against 368,000 tonnes in the same period last year.

Etihad Cargo carries 90 per cent of all air cargo to and from its Abu Dhabi hub. It has nine freighters including Airbus 330-200F, Boeing 777-200F and Boeing 747-F.

haseeb@khaleejtimes.com