Monday, 18 November 2019

Etihad Airways still has long way to go to become profitable: Group CEO - Reuters

Etihad Airways still has long way to go to become profitable: Group CEO - Reuters:

Abu Dhabi-based Etihad Airways still has a long way to go to become profitable, Group CEO Tony Douglas said on Monday.

“We are slightly ahead of where we plan to be. And if we stay focused will see a very strong Etihad,” Douglas told reporters.

Etihad suffered its third consecutive annual loss in 2018 despite cost savings of nearly half a billion dollars as it cut its workforce and fleet.

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