Etihad Airways reported a loss of $1.28 billion for FY 2018, a reduction from $1.52 billion in 2017.
Abu Dhabi based airlines announced an improvement in core operating performance of 15% in 2018, on revenues of US$ 5.86 billion, down from $6 billion in 2017.
The airline significantly reduced total costs by US$ 416 million to US$ 6.9 billion (2017: US$ 7.3bn) since its five year transformation plan started in 2017.
For the FY2018, airline took delivery of eight new aircraft including three Boeing 787-9s, four Boeing 787-10s and one Boeing 777-200 freighter. The airline’s fleet count at year end was 106, with an average age of only 5.7 years.
Following negotiations with Airbus and Boeing, the airline will take delivery of five Airbus A350-1000, 26 Airbus A321neo and six Boeing 777-9 aircraft in the coming years.