Etihad Airways posts $1.87 billion loss in 2016

The latest news from around the aviation world.

Etihad Airways posts $1.87 billion loss in 2016

Postby Greg on Thu Jul 27, 2017 11:13 am

Etihad Airways, one of the Middle East's three largest carriers, on Thursday reported a huge loss for 2016 as impairments on aircraft and exposures to equity partners weighed on its bottom line.

The Abu Dhabi-based carrier made a net loss of $1.87 billion for 2016 compared with a net profit of $103 million a year earlier, a statement from Etihad said.

It is the first time the airline has reported a loss since the 14-year-old airline started making money in 2011.

User avatar
Site Administrator
Posts: 2883
Joined: Tue Jan 01, 2008 7:18 pm
Location: DFW
Country: United States (us)

Return to Aviation News

Who is online

Users browsing this forum: No registered users and 1 guest