Flight Global - Max Kingsley-Jones
The Abu Dhabi-based airline faced “a set of enormous and unpredictable challenges in the first six months”, which saw passenger numbers decline by 58% over the same period in 2019, to 3.5 million. It cut capacity, as measured in available seat-kilometres, by just over half, to 23.69 billion.
Etihad’s core operating loss increased by $172 million to $758 million, compared with $586 million in the period last year. This was driven by a 38% fall in revenue, to $1.7 billion, partially offset by a 27% lower direct operating costs ($1.9 billion) while administrative expenses fell by a fifth....more
