Qatar Air CEO admits loss
Qatar Airways’ chief executive said Tuesday the carrier will post a loss this year because of the Arab boycott.
Akbar Al-Baker said the ban on Qatar’s flagship since last summer has forced it to fly longer routes through Turkey and Iran, and has hit the company’s bottom line.
“We have increased maintenance costs because we are flying longer routes, we have more fuel consumption, so the cost to the airline is rising and I have already stated that the airline will post a loss this year,” ِAl-Baker said in an interview with The Associated Press.
Speaking in the Australian capital, Canberra, Al-Baker said his state-owned airline might know by April the size of the loss.