Etihad Reveals $1.87 Billion Annual Loss for 2016
Under continued pressure from rivals in the Middle East, as well as global terrorism concerns and low oil prices, Etihad recorded a $1.87 billion loss on $8.36 billion in revenue for its 2016 fiscal year. Chairman of Etihad’s board, H.E. Mohamed Mubarak Fadhel Al Mazrouei, stated “A culmination of factors contributed to the disappointing results […]