ABU DHABI: Abu Dhabi’s Etihad Airways reported its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices.

Etihad’s net loss narrowed to $1.28 billion for last year, from $1.52 billion in 2017, it said in a statement.

The airline reported revenues of $5.86 billion in 2018, it said in a statement.