Fitch Expects Etihad Airways to Keep Losing Money Through 2022 - Bloomberg:
Etihad Airways will continue losing money through 2022, Fitch Ratings forecast, citing the “high execution risk” in the state-owned carrier’s turnaround plan.
The credit ratings company affirmed the airline’s long-term rating at ‘A’ with a stable outlook, given the support provided by the government of Abu Dhabi, Etihad’s owner.
“We continue to rate Etihad three notches below its ultimate sole shareholder Abu Dhabi, despite the change in criteria,” the company said in a statement Wednesday.
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