Etihad Airways reports massive decrease in passenger flights
The number of passengers served and passenger flight revenues went down for the Abu Dhabi-based airline in the second quarter of 2020.
Etihad Airways experienced large decreases in passenger flight revenues in the second quarter of 2020 amid the COVID-19 pandemic. The Abu Dhabi-based airline is still flying regularly despite recent financial struggles resulting from the downturn in global travel.
Etihad’s passenger revenues decreased from $950 million in the first quarter all the way to $60 million in the second quarter of 2020, which corresponds to April, May and June. The number of passengers decreased from 3.43 million to just 30,000 across the quarters, according to a press release.
The airline did not report losses in every area. Cargo revenue increased from $170 million to $320 million in the second quarter, Etihad said.
Etihad has experienced financial difficulties during the coronavirus crisis and cut hundreds of jobs in May. In March, all airlines in the United Arab Emirates suspended regularly scheduled international passenger flights, leading to revenue losses. Etihad continued to offer humanitarian and repatriation flights during this time. In June, Etihad resumed normal international flights.
