Etihad Reports Record Quarter as Alitalia Stake Looms
Etihad experienced its strongest ever first quarter, as it awaits word on its proposed stake for Alitalia.
Etihad's 95-strong fleet includes 20 Boeing 777-300ERs. (Photo: Boeing)
Etihad's 95-strong fleet includes 20 Boeing 777-300ERs. (Photo: Boeing)

Etihad Airways on Tuesday announced its strongest ever passenger and cargo volumes for a first quarter, just as its negotiations for a 49-percent stake in Alitalia regain momentum. The airline, whose bid for a piece of Alitalia marks yet another effort to expand its already considerable global influence, logged $1.4 billion in total revenues during the three-month period, marking a year-on-year increase of 27 percent.