Job offersmore »

Tweeting Growers

Last commentsmore »

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Qatar Airways set for annual loss amid Saudi bockade

Qatar Airways is likely to post an annual loss after a Saudi-led blockade of its home nation forced the airline to cancel some routes and divert others, CEO Akbar Al Baker said.

The second-biggest Gulf carrier is working on substituting the 20 or so lost flights for roughly the same number of viable new routes and should then return to profitability, Al Baker said in an interview Tuesday, adding it’s too early to predict how big the loss will be. Net income at the Doha-based group rose 22 percent to 1.97 billion riyals ($525 million) in the year through March.

“It is painful because there are many routes that slide as much as 2 1/2 hours longer, and there are routes that are narrow-body routes where we had to convert to wide-body in order to carry enough fuel to go the longer distance,” the CEO said in Singapore.

All told, Qatar Airways has lost almost 11 percent of its network and 20 percent of revenue, he added.

Read more at Arabian Business

Publication date: 11/10/2017



Other news in this sector:

11/30/2017 Air France-KLM and Jet Airways sign enhanced cooperation agreement
11/29/2017 Schiphol presents 'Usage estimate 2018'
11/28/2017 Transporting flower bulbs is a specialty in itself
11/27/2017 Emirates SkyCargo signs MoU with Dubai CommerCity
11/24/2017 Kenya: Slow fresh produce paper work costs airlines millions
11/23/2017 Kenya eyes China cut flower market
11/22/2017 Kenya: Cargolite Open Day posponed to Nov. 30
11/21/2017 UK: New Covent Garden Market partners with Zipcar
11/20/2017 Kenya Airways cuts half-year loss to Sh3.8bn
11/17/2017 US (FL): Port authority sees increased tonnage thanks to Ecuador trade
11/16/2017 Qatar Airways sets the record straight about its contribution to the U.S. economy
11/15/2017 Mobile app helps growers and retailers track perishable cargo in real time
11/14/2017 Ethiopian wins AFRAA Airline of the Year Award
11/13/2017 Flower Logistics Africa returns with perishables in tow; Nairobi to play host
11/9/2017 New airplane adds capacity for Kenya-UK flower transport
11/8/2017 Will sea freight be an alternative to Latin American air freight?
11/7/2017 “There’s no reason to be exploitative”
11/6/2017 US: As flower imports increase, Miami remains main entry point
11/3/2017 Qatar Airways touches down for the first time at Sarajevo International Airport
11/2/2017 Bercomex demonstrates functioning Furora Rosa and Rosematic at Dümmen Orange


Leave a comment: (max. 500 characters)

  1. All comments which are not related to the article contents will be removed.
  2. All comments with non-related commercial content, will be removed.
  3. All comments with offensive language, will be removed.

  Display email address

  new code