DOHA, Qatar, 4 October 2021: Qatar Airways Group reported a net loss of QAR14.9 billion (USD4.1 billion), of which QAR8.4 billion (USD2.3 billion) is due to a one-time impairment charge related to the grounding of the airline’s Airbus A380 and A330 fleets.
The results were published in its annual report for 2020/21
last week that concluded the ongoing Covid-19 pandemic caused extensive traffic
and revenue loss, although the airline’s operating results demonstrated its
resilience during the crisis. The airline reported an operational loss of
QAR1.1 billion (USD288.3 million), 7% less than compared to 2019/20 results.
Despite enduring one of the most difficult years, the
airline has rebuilt its network from a low of 33 destinations to more than 140
destinations today. The airline continued to identify new markets, launching
nine new destinations – Abidjan, Côte d’Ivoire; Abuja, Nigeria; Accra, Ghana;
Brisbane, Australia; Harare, Zimbabwe; Luanda, Angola; Lusaka, Zambia; San
Francisco and Seattle in the US.
The carrier is one of only a few global airlines to continue
operating flights to key cities, including Amsterdam, Dallas-Fort Worth,
London, Montréal, São Paulo, Singapore, Johannesburg, Sydney and Tokyo. This is
in addition to the expansion of Qatar Airways’ operations beyond pre-pandemic
levels in several markets, including Brazil, Canada, Nigeria, and the US.
It has also forged new strategic partnerships with several
major airlines, including American Airlines, Air Canada, Alaska Airlines and
China Southern Airlines. In addition, it has expanded cooperation with several
existing partners, including JetBlue, Iberia, LATAM, Cathay Pacific and Oman