Qatar Airways reported a net loss of QAR 7 billion
(approximately US$ 1.92 billion) in its 2019-20 Annual Report.
The groupís overall revenue and other operating
income increased to QAR 51.1 billion, up 6.4 per cent when
compared to the previous year.
Passenger revenue grew by 8.9 per cent with
capacity (ASK) growth of 3.2 per cent. Qatar
Airways carried 32.4 million passengers, an increase of 9.8 per
cent over the previous financial year.
Freight tonnes handled increased by 2.8 per cent
and passenger traffic at Hamad International Airport increased by
8.6 per cent
Qatar Airways invested QAR 16.8 billion in fleet
and other assets during the year and had a cash balance of QAR 7.3
billion at year end.
Qatar Airways Group Chief Executive, Mr.
Akbar Al Baker, said, ďI am extremely proud of the teams, departments
and subsidiaries across the Qatar Airways Group that have remained
agile throughout this tumultuous period and adapted quickly to
this new reality, displaying the tenacity, versatility and
commitment to excellence so often associated with everything we
do. These efforts are why we have become the largest international
airline and air freight carrier since the onset of the pandemic,
taking over two million people home safely and reliably and
carrying over 250,000 tonnes of medical and aid supplies to
ďI have every confidence that the Qatar Airways
Group will emerge stronger from this difficult period and continue
to innovate and set the standards that our competitors can only
hope to emulate. We will continue to be the airline millions of
passengers can trust and rely on in good times and bad, and
proudly fly the flag of the State of Qatar across the globe.Ē
Throughout the pandemic Qatar Airwaysí network has
never fallen below 30 destinations with continuous services to
five continents. Since then the airline has rebuilt its network to
more than 650 weekly flights to over 90 destinations across six