Etihad Airways reports first loss since 2010

Etihad Airways dropped to a $1.9 billion loss last year, hit by impairments on aircraft and investments in troubled European airlines.

The loss compares to a net profit of $103 million a year earlier.

Middle Eastern airlines have seen growth slow over the past two years as regional travel budgets tightened due to lower oil prices and a wave of militant attacks in Europe and Turkey weakened east to west traffic flows.

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