Etihad may keep losing money through 2022

Small-time player: A visitor passes a model Airbus SE A380 aircraft on display at the Etihad Group headquarters in Abu Dhabi. Fitch expects Etihad to remain the smallest among the three Persian Gulf carriers, including Emirates and Qatar Airways. — Bloomberg

DUBAI: Etihad Airways will continue losing money through 2022, Fitch Ratings forecast, citing the “high execution risk” in the state-owned carrier’s turnaround plan.

The credit ratings company affirmed the airline’s long-term rating at “A” with a stable outlook, given the support provided by the government of Abu Dhabi, Etihad’s owner.