Further job cuts expected as Etihad restructuring continues

04 July 2018
Abu Dhabi-based aviation group cut losses by $432m in 2017

The ongoing organisational restructuring involving Abu Dhabi-based Etihad Aviation Group is expected to lead to some redundancies of senior and mid-level management executives.

This was confirmed by Etihad Airways group CEO Tony Douglas, according to a report by news agency Reuters.

MEED understands thousands of employees have left Etihad Airways since the restructuring began in 2016.

The aviation group announced on 3 July it is restructuring into seven business divisions that report to Douglas, who also assumeds responsibility for Etihad Airways.

The seven divisions are:

  • Operations
  • Commercial
  • Maintenance, Repair & Overhaul (MRO)
  • Human Resources
  • Finance
  • Support Services
  • Transformation

A new executive management team will lead the various divisions.

Etihad Airways registered losses of $1.52bn in 2017, down $432m compared with the previous year. The losses are from the carrier’s core airline operations, which exclude “any extraordinary or one-off items”. The airline’s 2016 losses, previously reported at $1.87bn, have been correspondingly restated to $1.95bn.

Revenues in 2017 increased by 1.9 per cent to $6.1bn.

 

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.