Home Business Qatar Airways annual loss widens

Qatar Airways annual loss widens

- Advertisement -

FROM: PM News

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grapples with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher.

- Advertisement -

Group Chief Executive Akbar Al Baker said that the losses were attributable to “loss of mature routes, higher fuel costs, and foreign exchange fluctuations’’.

The results mark a steeper loss from the previous year when the company reported a loss of 69 million dollars.

Saudi Arabia, Egypt, the United Arab Emirates, and Bahrain cut diplomatic and economic ties with Qatar in June 2017, and Qatar Airways has since been banned from flying to the four countries and from using their airspace.

All Rights and Copyright © belongs to Source:

SOURCE: PM News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

how to move Google Authenticator

As you set up your new phone, transferring apps, email accounts, contacts and calendar entries, don't forget to set up Google Authenticator, the app...

EBSU 2019/2020 4th Supplementary Admission List is Out

The EBSU 4th Supplementary Admission List for 2019/2020 academic session has been made available on the school's website. Candidates who applied for supplementary admission to the...

Characteristics of smartphone Oppo Reno 3 5G

The Oppo Reno 3 5G smartphone with the model number PDCM00 appeared in the base of the Chinese regulator TENAA. Thanks to this, the characteristics...

Google Pixel 4 earns 5th position in DxOMark’s audio ranking

After getting a comprehensive review of the camera, the Google Pixel 4 now has a thorough assessment of its audio recording and playback capabilities....

Introducing Motorola razr 2019. Smartphone of the future?

The most memorable smartphone of the year? Unexpectedly, but this is Motorola Razr ! The brand has revived the famous clamshell range, but with modern chic. The novelty should...