Etihad cuts costs
Etihad Airways is set to cut its annual aviation fuel bill by US$20 million.
The Abu-Dhabi-based carrier has introduced some 23 new efficiency measures in a bid to reduce its costs, which have already saved the airline US$12 million.
The fuel saving measures, which are supported by the International Air Transport Association (IATA), include reducing weight on board the aircraft, changing certain operating procedures, reducing cruise speed where appropriate and increasing the frequency of engine washes.
Captain Richard Hill, Etihad Airways' executive vice president operations, said: "With the high price of aviation fuel and against a deteriorating global economic backdrop, it is increasingly important that Etihad does all it can to control its cost base.
"Fuel is now Etihad's largest single cost and accounts for between 35 and 40 per cent of the airline's annual expenditure. This is an area where we are heavily focused to try and generate significant and sustained savings."