Etihad plans to take delivery of another four aircraft in 2012, which will give it a fleet of 71 aircraft by the end of this year. It will phase in another 14 aircraft in 2013, which will be a mixture of Airbus A320s and Boeing 777s. The carrier is in the process of evaluating which options from previous orders will be exercised.
The airline’s first Airbus A380 is set to arrive in the fourth quarter of 2014, along with its first Boeing 787. Hogan says the A380s will be flown in a three-class configuration, but the seat count remains confidential. The aircraft will initially be used on routes from Abu Dhabi to London, Sydney and New York.
Meanwhile, Etihad has reduced its order for the Airbus A350-1000 from the original 25 to 12 aircraft. Hogan says this decision was made several months ago because Airbus could not make guarantees on delivery times, and because some of the specifications had not been clarified. Etihad decided to reduce its order after Airbus re-launched the A350-1000 with more powerful engines and other design changes last year. The airline plans to deploy 787s on the routes that had been earmarked for the A350-1000.
Etihad has announced its first annual profit, of $14 million, for the 2011 fiscal year. Hogan says the company is on track to be profitable in 2012 “if we have a good fourth quarter.” Revenues are expected to grow to $4.9 billion in 2012 and to $6.5 billion in 2013. The airline plans to announce its third-quarter results within the next few days.