Thursday, 6 August 2020

#AbuDhabi's Etihad Airways loses $758 million in first half - Reuters

Abu Dhabi's Etihad Airways loses $758 million in first half - Reuters:

Abu Dhabi’s Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic.

The state carrier suspended regular, scheduled passenger flights in March due to the pandemic. Those services began to resume June.

Its core operating loss was up nearly 30% from $586 million a year ago as the airline carried around 3.5 million passengers compared with 8.2 million in the first half of 2019.

Total revenue fell 38% to $1.7 billion, though cargo revenue increased 37% to $490 million, it said in a statement.

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