Etihad slims down as Abu Dhabi trims its air travel ambitions | Reuters:
Abu Dhabi has abandoned its goal of becoming a major air travel hub akin to Dubai and is instead reorganizing its airline Etihad into a mid-sized carrier focused on direct flights in an attempt to return it to profit.
Recently-appointed Etihad Airways Group Chief Executive Tony Douglas said on Tuesday the state-owned airline was becoming “more rational” and would not shy away from dropping routes that were commercially unsustainable.
After years of rapid expansion, Etihad plunged to a loss in 2016 following a slowdown in passenger traffic growth and failed investments in foreign airlines such as Air Berlin and Alitalia.
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