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Qatar Airways posts $69.1 million net loss

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Qatar Airways posts $69.1 million net loss

Postby Greg on Tue Sep 18, 2018 8:03 pm

Qatar Airways slumped into the red in its last financial year, recording a net loss of QR251.6 million ($69.1 million) after what the airline described as “the most challenging year in its 20-year history.”

In the previous financial year, the airline recorded a net profit (restated) of QR2.8 billion.

Qatar and four of its Middle East neighbors—Saudi Arabia, the UAE, Bahrain and Egypt—have been at diplomatic loggerheads since June 2017, a dispute that has seen the Qatari flag carrier barred from the four nations’ airspace.

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