Covid impact: Etihad Airways' loss more than doubles to $1.7 bn in 2020

Passenger revenue slumped 74 per cent to $1.2 billion from $4.8 billion in 2019, as passenger numbers dropped 76 per cent to 4.2 million, down from 17.5 million in 2019

Abu Dhabi-based Etihad Airways posted on Thursday a core operating loss of $1.7 billion for 2020, more than double the year before due to lower demand and reduced service in the pandemic.
 

Aviation has been one of the industries worst hit by the Covid-19 crisis, forcing airlines to lay off staff and seek government bailouts.
 

Abu Dhabi government-owned Etihad, which posted a core operating loss of $800 million in 2019, has also slashed jobs and salaries.
 

Passenger revenue slumped 74 per cent to $1.2 billion from $4.8 billion in 2019, as passenger numbers dropped 76 per cent to 4.2 million,