Etihad Cargo continues to haemorrhage money, with a 6% decline in full-year revenue and plummeting volumes.
Income for 2018 fell to $827m, a drop of $50m compared with 2017’s results, but group chief executive Tony Douglas remained bullish, saying the group results represented a “strong performance”.
He said: “We forged ahead with our transformation by streamlining our cost base, improving cash-flow and strengthening our balance sheet.
“Our transformation is instilling a renewed sense of confidence …
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Source: The Loadstar