The situation over at Etihad Airways is becoming dire as the carrier just posted another huge loss of $1.28 billion for FY 2018, which is their third consecutive billion dollar loss.
Reader Question: Luggage Delay To Maldives On American Airlines Issued Award – Who Responsible To Pay For Expenses?
A LoyaltyLobby reader sent us a message regarding a delayed luggage situation while traveling to Maldives and how to get compensated for the necessary items purchased.
Bloomberg News was today reporting that Emirates is looking to take over unprofitable Etihad that has recently been struggling after its equity alliance collapsed (airberlin was liquidated and Alitalia is in bankruptcy).
The talks according to Bloomberg News that both airlines have now denied are in preliminary stage. The merger would see Emirates taking over Etihad’s airline business.
Emirates and Etihad will both increase their three weekly frequencies to five under the new agreement that Canadian and UAE governments have signed. The previous one capped the number of flights between the two countries at six.
The new agreement allows 68% more capacity for the designated airlines and also maximum four weekly cargo flights.
A LoyaltyLobby reader sent us an email which to airline to choose to fly between Munich and India 6 to 12 times a year in business class.
Etihad Airways, that has been bleeding for years (read more here) and lost billions investing in Airberlin and Alitalia, is in search for incidental revenue and has decided that it is now the right time to start charging for “Standard Seats” in economy.
For a “small fee”, travelers can choose their seats in advance. These are available for free of charge within 24 hours of departure. Etihad nowhere discloses what these fees for various seating charges are.
Etihad Airways has been battling mounting losses in the past few years partly due to very badly placed bets in Alitalia and Airberlin (both went bankrupt). Sebastian reported their last year’s results recently (read more here).
Now, the new CEO Mr. Tony Douglas has given more insights what the airline’s plans are going forward. Etihad Airways will scale back on global ambitions (many routes have been cut already and frequencies reduced) and will empathize point-to-point traffic instead of shuffling passengers through its Abu Dhabi hub.
Le Club AccorHotels has launched new bonus miles promotion for Etihad Airways Guest member stays between July 2 – September 1, 2018.
Etihad Guest members can earn triple miles on their first stay and quadruple miles on their second and all subsequent ones during the promotional period. The valid booking dates for this offer are June 23 – August 1.
Etihad Airways has incurred a giant billion dollar deficit for the second year in a row, reporting a $1.52 Billion loss for the financial year 2017.