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Tags: Earns | Qatar | Airways

Qatar Airways Says Losses Reach $4.1 Billion amid Pandemic

Monday, 27 September 2021 12:00 PM

DUBAI, United Arab Emirates (AP) — Qatar Airways announced on Monday that it suffered a more than $4 billion loss in revenues over the last year, as lockdowns triggered by the coronavirus pandemic slashed demand for air travel.

The major loss, which it said mostly stemmed from the grounding of its fleet of Airbus A380 and A330 jets, highlights the dramatic impact of the pandemic on the aviation industry, despite the state-owned airline's higher earnings before taxes and other costs compared to the previous year.

The long-haul carrier based in the energy-rich Gulf Arab state of Qatar nonetheless praised its resilience in the face of the ongoing challenges posed by the fast-spreading virus variants still racing around the globe, noting that its operational loss of $288 million stood at 7% less than the year before.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Qatar Airways announced on Monday that it suffered a more than $4 billion loss in revenues over the last year, as lockdowns triggered by the coronavirus pandemic slashed demand for air travel. The major loss, which it said mostly stemmed from the grounding of its fleet of...
Earns,Qatar,Airways
134
2021-00-27
Monday, 27 September 2021 12:00 PM
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