The Abu Dhabi-based carrier attributed $1 billion worth of losses on “one-off impairments” to aircraft and a further $800 million deficit on its investments in embattled carriers Alitalia and Air Berlin.
The airline held a 49% stake in Alitalia - which entered bankruptcy protection in May - and retains 29% in Air Berlin.
Etihad reported a 9% increase in capacity over the year in which it carried a record 18.5 million passengers, up 900,000 on 2015, although the carrier saw a fall of $640 million in annual revenue to $8.36 billion.
