DUBAI, UAE — Abu Dhabi’s flag carrier Etihad Airways announced on Tuesday a $478 million loss in 2021.

The airline said the figure represents a much-reduced core operating loss compared to the staggering $1.7 billion the company lost in 2020. The figure is also significantly better than in 2019 when core losses amounted to over $800 million.

The airline said it carried 3.5 million passengers in 2021, with passenger loads doubling in the second half of the year during the UAE’s peak winter travel season. Still, its overall passenger revenues were down 14% compared to the year before.

Abu Dhabi took a stricter approach to avoid the coronavirus than its neighboring city-emirate of Dubai.

Via Associated Press