Qatar Airways reports $4 billion in losses

Qatar Airways' finances were also affected by the COVID-19 pandemic during the previous fiscal year, though the airline has now largely rebuilt its flight network.
A Qatar Airways Airbus A350 airplane takes off from Hamad International Airport near the Qatari capital, Doha, on Jan. 11, 2021.
A Qatar Airways Airbus A350 airplane takes off from Hamad International Airport near the Qatari capital, Doha, on Jan. 11, 2021. - KARIM JAAFAR/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Qatar Airways announced major losses this week as the fallout from the COVID-19 pandemic continues to hurt Gulf airlines.

Qatar Airways Group reported a net loss of $4.1 billion during its 2020-2021 fiscal year. More than half of the loss was related to a value drop in the airline’s planes that were grounded, the airline said in a press release Monday.

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