Etihad Airways’ half-year loss is cut in half to $400 million

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Etihad Airways, the state-owned airline of Abu Dhabi, announced on Tuesday that it has lowered core operational losses in the first quarter by half to $400 million, thanks to capacity reductions and cost cuts.

In a statement, the airline stated it has reduced operational costs by 27% year on year to $1.4 billion, which included a reduction in the carrier’s operational fleet, with numerous aircraft grounded.

Etihad carried 1 million passengers who filled 27.9 percent of seat capacity on average during the time, compared to 3.5 million passengers and 71% of seats full in the first half of 2020.