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The budget airline took a £101 million hit from adverse currency movements but revenue rose 5% as rivals went bust or struggled with operational issues.
Malaysia Airlines C...
Etihad lost $1.87 billion last year. Much of it blamed on its investment in airlines such as Air Berlin and Alitalia.
Air Berlin has filed for insolvency. Etihad's more than $2 billion investment couldn't turn around the German Airline.