Qatar Airways annual losses double to $4.9bln

It had received an additional $1bln from the Qatar government

  
A Qatar Airways passenger plane comes in to land at London Heathrow airport, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 21, 2020.

A Qatar Airways passenger plane comes in to land at London Heathrow airport, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 21, 2020.

REUTERS/Toby Melville

DUBAI- Qatar Airways annual losses doubled to 14.9 billion riyal ($4.9 billion) in the financial year to March 31 as the long-haul travel market was hit hard by the coronavirus pandemic.

The state-owned airline also confirmed in its annual results released on Monday that it had received an additional $1 billion from the Qatar government during the financial year, on top of $2 billion it had already received.

($1 = 3.6607 Qatar riyals)

(Reporting by Alexander Cornwell; editing by David Evans) ((Alexander.Cornwell@thomsonreuters.com;))


More From Equities