Etihad Airways losses narrowed in 2019, with the company reporting revenues of $5.6 billion driven by a reduction in operating costs and a fall in fuel prices, the company announced on Thursday.
According to a statement from the airline, losses were reduced to $0.87 billion, $1.28 billion less than the company’s 2018 revenue of $5.9 billion.
Over the course of the year, the airline carried 17.5 million passengers, compared to 17.8 million in 2018. Its load factor, however, rose to 78.7 percent, compared to 76.4 percent in 2019.