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Qatar Airways net loss $4.1 billion

Christian Fernsby |
Qatar Airways Group reported a net loss of QAR14.9 billion (U.S.$4.1 billion), of which QAR8.4 billion (U.S.$2.3 billion) is due to a one-time impairment charge related to the grounding of the airline's Airbus A380 and A330 fleets.

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Despite the difficulties posed by the ongoing pandemic, the Group's operating results demonstrated its resilience during the crisis, with the reported operational loss at QAR1.1 billion (U.S.$288.3 million) 7 per cent less compared to 2019/20.

Furthermore, the Group achieved a significant improvement in EBITDA, which stood at QAR6 billion (U.S.$1.6 billion) compared to QAR5 billion (U.S.$1.4 billion) the previous year.

Cargo has also overseen a 4.6 per cent rise in freight tonnes handled over the previous fiscal year (2019/20), with 2,727,986 tonnes (chargeable weight) handled in 2020/21. This increase in freight handled, as well as a significant increase in cargo yield, also saw the carrier’s cargo revenues more than double.


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