Etihad Airways reports $870 million 2019 loss 

Etihad Airways has reported an $870 million loss for 2019, as part of what the Abu Dhabi carrier said was an  “encouraging” 32% improvement in core operating performance. Etihad Airways reported  revenues of US$ 5.6 billion for 2019,  versus  US$ 5.9 billion for 2018, with  losses were significantly reduced to US$ 0.87 billion against US$1.28 billion for the previous year According the results statement these figures are better than Etihad’s internal plan for 2019. The airline’s transformation programme has seen cumulative core operating performance improved by 55% since 2017.   Etihad carried 17.5 million passengers in 2019 (2018: 17.8m), with a 78.7% seat load factor (2018: 76.4%)