DUBAI, United Arab Emirates — Long-haul carrier Etihad Airways says it has fired staff because of fewer flights during the coronavirus.
The Abu Dhabi-based, state-owned carrier says in a statement “it is clear the demand for travel in the near future will be significantly reduced and as a result we must make difficult decisions to ensure Etihad will weather this storm.”
The airline offered no figures for the number of employees let go. Etihad competes with Dubai-based Emirates and Qatar Airways for long-haul flights from East to West.
Since 2016, Etihad has lost a total of $5.62 billion after its failed strategy of aggressively buying stakes in airlines from Europe to Australia.
In February, Etihad announced it would sell 38 aircraft to an investment firm and a leasing company in a deal valued at $1 billion.