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Qatar Airways reports $69 million annual loss in wake of Gulf blockade

Qatar Airways reports $69 million annual loss in wake of Gulf blockade







Aviation
Qatar Airways has published its annual report for 2017/18. Terming the year as the most challenging in its 20 year history due to the Saudi-led embargo against the Gulf nation, the state-owned airline said it made a loss of 252 million riyals ($69 million) compared with a profit of 2.79 billion riyals a year earlier.
Operating expenses increased to 42.2 billion riyals from 36.7 billion riyals last year.
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