Etihad Airways carried some three.five million travellers in the initial 50 % of 2020, down 58 per cent from the 8.two million documented in the same time period of past year.
The determine illustrates the affect the Covid-19 outbreak has taken on the aviation sector this year.
The Abu Dhabi flag-carrier recorded a main running decline of US$758 million, getting shed US$586 million for the duration of the initial 50 % of 2019.
The drop was driven by a 38 per cent drop in earnings, which stood at US$ one.7 billion for the duration of the initial 6 months of the year.
Tony Douglas, group chief govt officer, Etihad Aviation Group, said: “Etihad faced a set of great and unpredictable issues in the initial 6 months of the year.
“We started 2020 robust, and recorded encouraging outcomes as part of our continuing transformation programme.
“This still left us in a rather sturdy posture when Covid-19 strike, making it possible for us to act with agility, and to mobilise all accessible means as the crisis deepened, taking important measures to minimize fees by a broad-reaching series of steps.”
Etihad operated up to forty of its fleet of 97 passenger aircraft in quarter two of 2020.
Amongst March 25th and June fifteenth, above 640 unique passenger flights were being operated to forty five on-line and offline locations, making use of the passenger cabins of these aircraft to fly international nationals out of the United Arab Emirates.
Having said that, the airline observed a major reduce in quarter two running revenues pursuing Covid-19 flight suspensions, with 70 per cent of its fleet grounded.
This time period registered a ninety nine per cent drop in passenger numbers and a ninety five per cent drop in Check with compared to quarter two of 2019.
“While we have revised our outlook for the rest of 2020 dependent on recent realities, we remain optimistic that as global borders re-open up, we will maximize our flying and have more visitors.
“By September, we goal to maximize our around the world flights to 50 % our pre-Covid-19 ability,” concluded Douglas.