The Abu Dhabi-based airline carried one million passengers in the first half of the year, with an average load factor of just 24.9%. Passenger revenue totalled $300 million, down 68% year on year, but cargo volumes were up 44%.
The airline’s cost-cutting produced a 27% saving, with overheads reduced by 22% and finance costs down 23%.
“As a result, the airline managed to rebuild its liquidity position to pre-pandemic levels,” it said.
Etihad is now operating 3,500 flights a month to 67 destinations, using 64 aircraft.
