Etihad Airways has announced an encouraging 32% improvement in core operating performance for 2019, on revenues of $5.6 billion (2018: $5.9 billion). Losses were significantly reduced to $870 million (2018: $1.28 billion). This result is better than Etihad’s internal plan for 2019. The airline’s transformation programme has seen cumulative core operating performance improved by 55% since 2017, said a statement. Passenger routes were rationalised at the end of 2018 to optimise the network and improve revenue quality. However, passenger demand to and from Etihad’s 10 gateways in India remained strong, despite the removal of capacity and feeder services...
Full ArticleEtihad transformation on track; losses down
WorldNews
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