Abu Dhabi’s Etihad Airways loses $758 million in first half
Abu Dhabi’s Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic.
Total revenue fell 38% to $1.7 billion, though cargo revenue increased 37% to $490 million, it said in a statement.
Etihad, which had lost $5.62 billion in the four years prior to 2020, said it had started the year strongly before the pandemic brought global travel to a near halt.