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.
In total the carrier has now amassed a $4.8 Billion dollar deficit over the course of just three years which is truly mind blowing considering that carriers have previously folded for much less.
Etihad Airways and Jordanian flag carrier, Royal Jordanian have announced a new codeshare partnership between their respective hubs and destinations in North Africa, Europe, Canada, Asia and Australia.
The codeshare flights are open for sale since 7 February 2019, with the first travel date from 15 February.
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.
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Today’s Airfare of the Day goes to Etihad and their first class pomotional round trip fares between Stockholm and Singapore.
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Etihad Airways has launched new buy Guest miles offer that is valid for purchases made until November 15, 2018.
Members can get up to 25% bonus and buy 100,000 miles in any calendar year (unclear if this includes the bonus or not).
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.
Remember that you can always email us, send a message via Facebook or use Twitter and include photos too. We’ll try to cover Reader Questions & Comments here several times a week.
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 $1.52 Billion loss for the financial year 2017.
In 2016 the airline already reported being close to two billion US$ in the hole and now another giant loss for the last year – in the ‘era of the ME3 carriers’ coming to an end?
