Etihad Airways carried some 3.5 million passengers within the first half of 2020, down 58 per cent from the 8.2 million reported in the identical interval of final 12 months.
The determine illustrates the influence the Covid-19 outbreak has taken on the aviation sector this 12 months.
The Abu Dhabi flag-carrier recorded a core working lack of US$758 million, having misplaced US$586 million throughout the first half of 2019.
The drop was pushed by a 38 per cent drop in income, which stood at US$ 1.7 billion throughout the first six months of the 12 months.
Tony Douglas, group chief govt officer, Etihad Aviation Group, stated: “Etihad confronted a set of monumental and unpredictable challenges within the first six months of the 12 months.
“We began 2020 robust, and recorded encouraging outcomes as a part of our persevering with transformation programme.
“This left us in a comparatively sturdy place when Covid-19 hit, permitting us to behave with agility, and to mobilise all obtainable sources because the disaster deepened, taking main steps to cut back prices by a wide-reaching collection of measures.”
Etihad operated as much as 40 of its fleet of 97 passenger plane in quarter two of 2020.
Between March 25th and June 15th, over 640 particular passenger flights had been operated to 45 on-line and offline locations, utilizing the passenger cabins of those plane to fly international nationals out of the United Arab Emirates.
Nonetheless, the airline noticed a big lower in quarter two working revenues following Covid-19 flight suspensions, with 70 per cent of its fleet grounded.
This era registered a 99 per cent drop in passenger numbers and a 95 per cent drop in ASK in comparison with quarter two of 2019.
“Whereas now we have revised our outlook for the remainder of 2020 based mostly on present realities, we stay optimistic that as worldwide borders re-open, we are going to improve our flying and carry extra friends.
“By September, we intention to extend our worldwide flights to half our pre-Covid-19 capability,” concluded Douglas.