Qatar Airways reports £1.5bn losses - News Summed Up

Qatar Airways reports £1.5bn losses


Long-haul carrier Qatar Airways has reported revenue losses of 1.9 billion US dollars (£1.49 billion) for the past year, blaming the coronavirus pandemic among other things. It lost 69 million US dollars (£54 million) in 2018. The coronavirus pandemic halted global aviation for months. Qatar has also been targeted by Bahrain, Egypt, Saudi Arabia and the United Arab Emirates in a boycott since June 2017. The boycott continues, despite efforts by other Gulf Arab nations and the US to reconcile the countries involved in the political dispute.


Source: Irish Independent September 27, 2020 11:48 UTC



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