Etihad Airways reported a $1.52bn loss for 2017 on Thursday, its second consecutive annual loss as the Middle East airline undertakes a major turnaround plan.
The result compares with a prior year loss of $1.95bn, which it restated from $1.87bn.
Etihad has been overhauling its strategy since 2016 with changes to top management, dropping unprofitable routes, and retiring operationally costly aircraft.
The airline said in a statement that its revenue rose 1.9 per cent to $6.1bn and it carried 18.6 million passengers, flat compared to the previous year.