Etihad registers dip in cargo revenue | Air Cargo |
Posted: July 28, 2017 |
Etihad Airways has announced its 2016 financial results, recording a net loss of $ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline. A slowdown in the cargo market put increased pressure on cargo revenues and yields. Cargo revenue for 2016 stood at $0.9 billion against $1.0 billion in 2015.
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