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Qatar Airways says losses reach USD 1.9 billion amid pandemic, Boycott

Shortpedia

Content Team
Image Credit: shortpedia

Long-haul carrier Qatar Airways on Sunday reported revenue losses of USD 1.9 billion for the past year, blaming the coronavirus pandemic, its liquidation of shares in Air Italy and the ongoing boycott of Doha by four Arab nations for the drop. The state-owned carrier also blamed new accounting rules for further adding to losses for the past fiscal year, which ended March 31.