Uncertain Future of Etihad? – Loss of USD 400 Million Recorded, Number of Passengers Decreases 68%

Etihad on Tuesday reported core operating losses of USD 400 million for the first half of the year, driven by a 68% drop in passenger revenue.

The figure, although half of the USD 800 million in losses reported amid the devastation of the pandemic in the first half of 2020, reflects the continued uncertain outlook for international travel, AP News reports.

Over the last six months, the airline carried 1 million passengers who on average filled 24.9% of plane seats, down from 3.5 million passengers and 71% of seats filled in the first half of 2020.

Etihad is one of the Middle East’s top carriers but was wracked by financial losses even before the pandemic clobbered the aviation industry worldwide, AP adds.

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