Analysis: Kuehne + Nagel – another dose of M&A to hit the spot
If only Brad Jacobs ran it now…
Etihad has announced a 2015 net profit of $103m, up 41% on the previous year. While it did not release its cargo revenues, it did note that freight and mail volumes rose 4% to 591,000 tonnes. It did not outline increases in cargo capacity, but available seat km rose 21% while the number of aircraft rose from 110 to 121. The airline carried freight to 96 destinations. Etihad expanded its equity partner network and codeshare agreements in 2015, generating $1.38bn in revenue from its partners, up 22% on the year.
Meanwhile, Gulf rival Qatar has increased its shareholding in IAG to just under 12%. The IAG group now comprises British Airways, Iberia, Aer Lingus and Vueling,