LONDON—Etihad Airways recorded another major loss in 2018, although the company pointed to gradually improving results from its five-year transformation project. The Abu Dhabi-based carrier reported a loss of $1.28 billion (it does not publish net profit/loss figures), compared to a deficit of $1.52 billion in 2017. It made the loss on revenue that dipped slightly to $5.86 billion, compared to $6 billion a year previously. In a footnote to its results, Etihad noted that ...

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