Etihad Cargo looks to bolster belly business as investments 'pay off'
Etihad Cargo is positive about the momentum it has built this past twelve months, according ...
© Jhbfoto
By Alex Lennane
Etihad has announced a fairly significant loss for full-year 2016, of $1.87bn.
However, the carrier also reported impairments of $1.9bn, including a $1.06bn charge on aircraft as it phased out some types early.
It also had an $808m charge on some assets, as well as financial exposure to struggling equity partners, mainly Alitalia and airberlin.
Although it flew slightly greater volumes of cargo in 2016 – up 0.8% to 595,519 tonnes, freight revenue fell nearly 10% to $900m.
It said in a statement: “A slowdown ...
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