The Abu Dhabi-based group made a loss of $1.52 billion from its “core operations” in 2017 – a 22% improvement on a loss of $1.95 billion during the previous year.
Etihad’s revenue rose by 1.9% to $6.1 billion year-on-year, despite a “significant moderation of capacity growth”. While the company also cut unit costs by 7.3% despite having to pay an extra $337 million in fuel costs due to the higher price of oil.
The airline carried 18.6 million passengers in 2017 with a load factor of 78.5%. Capacity, as measured by available seat kilometres (ASKs), increased by 1% during the year.
