• 32% improvement in 2019 core operating performance over 2018, on revenues of US$ 5.6 billion
• 11% (US$ 0.65 billion) reduction in direct operating cost
• 17.5 million passengers and 635,000 tons of cargo carried
• Best on-time performance in the region - 82% for flight departures, 85% for arrivals
Etihad Airways announced an encouraging 32% improvement in core operating performance for 2019, on revenues of US$ 5.6 billion. Losses were significantly reduced to US$ 0.87 billion (2018: US$ -1.28 billion).
2019 Results
Passenger routes were rationalized at the end of 2018 to optimize the network and improve revenue quality. However, passenger demand to and from Etihad’s ten gateways in India remained strong, despite the removal of capacity and feeder services previously provided through Jet Airways, and the airline added seats in these markets early in 2019.
Etihad carried 17.5 million passengers in 2019, with a 78.7% seat load factor and a decrease in passenger capacity (Available Seat Kilometers (ASK)) of 6%.
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Source: Etihad Airways