Etihad Airways hit by second consecutive annual loss | Reuters

Etihad Airways hit by second consecutive annual loss | Reuters:

"Etihad Airways reported a $1.52 billion loss for 2017 on Thursday, its second consecutive annual loss as the Middle East airline undertakes a major turnaround plan.

The result compares with a prior year loss of $1.95 billion, which it restated from $1.87 billion.

 Etihad has been overhauling its strategy since 2016 with changes to top management, dropping unprofitable routes, and retiring operationally costly aircraft.

"



'via Blog this'