The same energy-rich country, Qatar, had to rescue the state airline at the end of its fiscal year on March 31 with $2 billion to keep the airline running, its annual report acknowledges. expanding the losses of the following year.
“Without the cases of fiscal year 2020, our effects would have been greater than last year,” Qatar Airways CEO Akbar al-Baker said in a statement. The airline carried 32. 3 million passengers in the last fiscal year, up from 29. 4 million last year. Year.
But Qatar Airways is in the same position as rival long-distance Gulf airlines Emirates and Etihad, cutting thousands of jobs as it seeks to expand its network as restrictions around the world disappear. Demand for flights remains low due to fears about the virus, which wreaked havoc on ForeignArray The airline said it had more than 50,000 workers on its payroll in the report.
Qatar Airways, which operates about 250 aircraft from Doha’s newly built Hamad International Airport, follows the style of other Gulf airlines by connecting East and West from their location on the Arabian Peninsula. “Because it is commercially or environmentally justifiable to run such a giant aircraft in the existing market,” the airline said in a statement.
The coronavirus pandemic has disrupted global aviation for months, and is just beginning to recover. Qatar has also been the target of a boycott across Bahrain, Egypt, Saudi Arabia and the United Arab Emirates since June 2017. This boycott continues today, despite efforts. through other Persian Gulf countries and the United States to reconcile the countries involved in the political conflict.
Al-Baker said that since the pandemic, Qatar Airways had carried more than 2 million passengers and transported more than 250,000 tons of medicines and aid to spaces affected by the coronavirus.
“I am sure qatar Airways Group will emerge more powerful from this complicated era and will continue to innovate and establish criteria that our competition can expect to emulate,” he said.
The February collapse of Air Italy, a regional airline in which it had a 49% stake when it was introduced in 2018, also harmed the airline, which had attempted to change the name of a domestic airline with flights throughout Europe. statements said he would most likely lose about $400 million with Air Italy alone.
Qatar Airways also retained its losses last year in Sunday’s monetary report, reaching nearly $1. 3 billion, up from $639 million in the previous report, and lost $69 million in 2018.
This story was published from a firm thread without converting the text.
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