Thursday, December 5, 2019
No Result
View All Result
Middle East Affairs
  • Home
  • News
  • Opinions
  • In Depth
  • Arab World
  • Palestinian & Israeli Affairs
  • Business
  • Sports
    • Football
    • Basketball
    • Tennis
  • Home
  • News
  • Opinions
  • In Depth
  • Arab World
  • Palestinian & Israeli Affairs
  • Business
  • Sports
    • Football
    • Basketball
    • Tennis
No Result
View All Result
Middle East Affairs
No Result
View All Result

Qatar Airways takes huge financial loss from Gulf Arab boycott

admin by admin
March 7, 2018
in Arab world, News, uncategorized
1
Qatar Airways is taking financial hits since some Arab nations forbade it from using their airspace last June. Photo credit: Qatar AIrways

Qatar Airways is taking financial hits since some Arab nations forbade it from using their airspace last June. Photo credit: Qatar AIrways

By Middle East Affairs

The chief executive of Qatar Airways said the airline will report a “very large loss” for its financial year ending March 31, Reuters reports.

Akbar al-Baker told reporters in Berlin that a ban on Qatar Airways since last June that prevented it from using airspace over some Arab countries has been delivering a financial blow to the airline.

Qatar Airways announced Sunday it would slash the prices of its flights, such as 25 percent off all cabin classes and a discount for friends and family traveling together.

It also added new destinations, such as in Thailand, Russia and Malaysia.

“Passengers now have even more incentive to travel with friends and family, as they can take advantage of our Companion Offer in Premium. We look forward to welcoming all passengers on board,” said Qatar Airways Chief Commercial Officer Ehab Amin in a statement.

This announcement comes a day after The International Monetary Fund put out a report that says Qatar’s banking system has recovered from the initial hits it took by the same boycott, and the economy should grow 2.6 percent this year.

Saudi Arabia, United Arab Emirates and Egypt are boycotting Qatar for alleged ties to terrorists, which Qatar denies.

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...

Related

Tags: boycottEgyptfinancial lossesQatarqatar airwaysSAUDI ARABIAunited arab emirates
Previous Post

Palestinians plan tent city protest on Israeli border

Next Post

Phones disrupted in Israel, Gaza after Egypt jams lines of Sinai insurgents

Next Post
FILE PHOTO: A member of Egypt's security forces gestures as he stands on a watchtower in North Sinai as seen from across the border in southern Israel July 2, 2015. REUTERS/Amir Cohen/File Photo

Phones disrupted in Israel, Gaza after Egypt jams lines of Sinai insurgents

Comments 1

  1. Pingback: Qatar Airways is reviewing plans for its own domestic Indian airline - Middle East Affairs

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No Result
View All Result

RECENT NEWS

Saudi Arabia players pose for a team photo before the match at Abdullah bin Khalifa Stadium, Doha, Qatar. (Reuters)

Arabian Gulf teams go head-to-head for place in football cup final

December 4, 2019
The Central Bank of the UAE. (File photo: Reuters)

UAE economy to grow by 2.3 percent in 2019: Central bank

December 4, 2019

Greece ‘registers disagreement’ with Libya-Turkey maritime accord

December 4, 2019

FOLLOW US

Facebook Twitter Instagram




  • Home
  • News
  • Opinions
  • In Depth
  • Arab World
  • Palestinian & Israeli Affairs
  • Business
  • Sports

© 2018 Middle East Affairs. Our email address is info@middleeataffairs.net

No Result
View All Result
  • Home
  • News
  • Opinions
  • In Depth
  • Arab World
  • Palestinian & Israeli Affairs
  • Business
  • Sports
    • Football
    • Basketball
    • Tennis

© 2018 Middle East Affairs. Our email address is info@middleeataffairs.net

%d bloggers like this: