The financial statements of Etihad Airways in the Emirates showed an increase in the company's losses in the first half of this year by 29.4% compared to the losses for the same period in 2019.
According to the company's results released today, Thursday, the losses for the first half of this year amounted to $ 758 million, compared to losses amounted to $ 586 million for the same period last year.
p>The company confirmed in a statement issued today, Thursday, that this loss comes as a result of a decline in revenue by 38 percent, which amounted to 1.7 billion dollars, compared to one billion US dollars in the first half of Year 2019.
and operational costs decreased by 27% during the first half of this year, to reach 1.9 billion dollars, compared to 2.7 billion dollars for the same period of the previous year.
The company also recorded a decrease of about 21% in general and administrative costs, to $ 0.40 billion, compared to $ 0.50 billion in the first half of 2019, as a result of the initiatives put in place by the administration. To contain costs and decrease the volume of operations.
For the first quarter of this year, the company's operating results witnessed an improvement of 34%, despite the start of an outbreak of the Corona virus pandemic emerging in that period. p>
It is noted that Etihad Airways has gradually resumed its regular and regular flights to transport passengers since last June, after those flights were suspended last March due to the spread of the Corona virus. / p>
(Fun Knowledge of Knowledge)
