The losses were smaller however compared to the USD 1.95 billion lost in 2016, a figure the airline revised upward from a previously reported USD 1.87 billion.
Revenue, meanwhile, inched higher from USD 5.9 billion in 2016 to USD 6.1 billion in 2017.
The Abu Dhabi-based airline's second consecutive annual loss comes as the long-haul carrier reduced its aircraft fleet from 119 to 115 last year.
In a statement today, Douglas said the company made "solid first steps" toward transforming its business model.
"We made good progress in improving the quality of our revenues, streamlining our cost base, improving our cash-flow and strengthening our balance sheet," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)