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.
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.
