Etihad’s revenues take off

Revenues at Etihad Airways were up 31 per cent in the second quarter as the Abu Dhabi-based airline continued to expand its its global network. The unlisted airline, which recently picked up a 4.99 per cent stake in Virgin Australia and holds a minority stake in Aer Lingus, said second-quarter revenue rose to $1.25bn. It did not provide profit figures. Passenger numbers in the quarter rose 34 per cent to 2.55m.