Abu Dhabi’s Etihad halves half-year loss to $400 mn ...Egypt

DUBAI, Aug 10 (Reuters) – Abu Dhabi’s Etihad Airways on Tuesday said its core operating losses halved in the first half of the year to US$400 million and that its liquidity position had returned to pre-pandemic levels. The state-owned carrier, which over the past year has accelerated a pre-pandemic restructuring, said it had cut operating costs by 27 percent to $1.4 billion in the first half. That was helped by a nearly 40 percent reduction in the number of aircraft utilized with the airline having grounded aircraft, including its ten Airbus A380 superjumbos. It is also phasing out of its 19 Boeing 777-300s. The airline, which had 64 aircraft in operation in the first half, carried 1 million

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