Abu Dhabi’s Etihad halves half-year loss to $400 mln

Abu Dhabi’s state-owned Etihad Airways said on Tuesday it had halved core operating losses in the first of the year to $400 million, helped by reducing capacity and cutting costs.

The airline said in a statement it had cut operational costs by 27% year-on-year to $1.4 billion, which included a reduction in the airline’s operational fleet with many aircraft grounded.