Etihad Airways recorded another major loss for 2018, although the company pointed to gradually improving results from its 5-year transformation project. The carrier reported a loss of US$1.28b (it does not publish net profit/loss figures), compared to a deficit of $1.52b in 2017. It made the loss on revenue that dipped slightly to $5.86b, compared to $6b a year previously. In a footnote to its results, Etihad noted that “results published for 2018 are for core airline operations only and exclude any extraordinary or one-off items.” The company said the reduction in its annual loss followed a 4% increase in passenger yields, driven by capacity discipline, network and fleet optimisation, together with a growing market share in premium and point-to-point markets. <br/>