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Abu Dhabi's Etihad still targets 2023 turnaround as losses pile up

By Reuters Staff
2 Min Read
DUBAI (Reuters) - Abu Dhabi’s Etihad Airways is still targeting a return to profit in 2023, despite a more than doubling in core operating losses last year, after accelerating its restructuring during the pandemic.
FILE PHOTO: A model Etihad Airways plane is seen on stage in New York, U.S. November 13, 2014. REUTERS/Lucas Jackson
The state carrier, which started a five-year turnaround plan three years ago, said on Thursday it had shed 33% of its workforce, reducing it to 13,587.
Etihad, which grounded most of its fleet between March and June, posted a core operating loss of $1.7 billion for 2020. ....

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UPDATE 1-Pandemic pushes Etihad Airways to $1.7 bln loss for 2020

Abu Dhabi's Etihad Airways is still targeting a return to profit in 2023, despite a more than doubling in core operating losses last year, after accelerating its restructuring during the pandemic. ....

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Abu Dhabi's Etihad Airways Reports $1.7 Billion Loss in 2020 amid Covid-19 Crisis

Abu Dhabi's Etihad Airways Reports $1.7 Billion Loss in 2020 amid Covid-19 Crisis
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Abu Dhabi , Global Aviation Industry , உலகளாவிய விமான போக்குவரத்து தொழில் ,

Travel, Tourism & Hospitality Etihad records 76% fall in 2020 passenger numbers

March 2021
352
Etihad Airways, the national carrier of the UAE, has recorded a 76% fall in passengers carried during 2020 at 4.2 million, compared to 17.5 million in 2019, over lower demand and flight capacity caused by the downturn in global commercial aviation.
As a consequence of the Covid pandemic and ensuing flight and travel restrictions,
The total passenger capacity was reduced by 64% in 2020 to 37.5 billion available seat kilometres (ASKs), down from 104 billion in 2019, with the seat load factor declining to 52.9%, 25.8 percentage points lower compared to 2019 (2019: 78.7%).
The airline recorded $1.2 billion passenger revenues in 2020, down by 74% from $4.8 billion in 2019, due to fewer scheduled services and drastically fewer people travelling. A contributing factor to this was the total suspension of passenger services into and out of the UAE from end of March until early June 2020 to limit the spread of Covid, in line with a UAE government ....

Marketing Group , Middle East , North Africa , சந்தைப்படுத்தல் குழு , நடுத்தர கிழக்கு ,

Aviation Etihad Airways leads vaccination drive

March 2021
1803
Etihad Airways has become the first airline in the world to vaccinate all its operating pilots and cabin crew
Etihad Airways, the national airline of the United Arab Emirates, has become the first airline in the world with all its operating pilots and cabin crew vaccinated to help curb the spread of Covid-19 and give passengers who travel with the airline peace of mind.
In January 2021, Etihad was awarded Diamond status for ensuring the highest standards of cleanliness and sanitisation in the inaugural ‘APEX Health Safety, powered by SimpliFlying’ audit. The airline’s vaccination initiative has consolidated Etihad’s position as an industry leader in its response to the pandemic and in keeping its employees and travellers safe. ....

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