{"id":264328,"date":"2019-03-15T05:00:28","date_gmt":"2019-03-15T05:00:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264328"},"modified":"2019-03-15T05:00:28","modified_gmt":"2019-03-15T05:00:28","slug":"jet-airways-equity-partner-etihad-reports-1-28-billion-loss-in-2018","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-equity-partner-etihad-reports-1-28-billion-loss-in-2018\/","title":{"rendered":"Jet Airways&#8217; equity partner Etihad reports $1.28 billion loss in 2018"},"content":{"rendered":"<p>Etihad Airways on Thursday reported its third consecutive annual loss despite finding cost savings of nearly half a billion dollars as it cut its workforce and fleet.<\/p>\n<p>The Abu Dhabi state-owned airline blamed challenging market conditions including higher fuel prices for a $1.28 billion loss in 2018, narrower than the $1.52 billion it lost in 2017. <\/p>\n<p>Etihad, which has trimmed its ambitions to be a major intercontinental airline to focus on point-to-point flights, has made losses of $4.75 billion since 2016. <\/p>\n<p>Revenue fell nearly 4 percent to $5.86 billion last year, compared with the $6.1 billion it reported for 2017. The airline launched a five-year turnaround strategy in 2017, the year current chief executive, Tony Douglas, was hired.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Etihad Airways on Thursday reported its third consecutive annual loss despite finding cost savings of nearly half a billion dollars as it cut its workforce and fleet. The Abu Dhabi state-owned airline blamed challenging market conditions including higher fuel prices for a $1.28 billion loss in 2018, narrower than the $1.52 billion it lost in 2017. Etihad, which has trimmed its ambitions to be a major intercontinental airline to focus on point-to-point flights, has made losses of $4.75 billion since 2016. Revenue fell nearly 4 percent to $5.86 billion last year, compared with the $6.1 billion it reported for 2017. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-264328","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264328"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264328\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}