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Qatar Airways prepares to reveal 'substantial' loss

Qatar Airways chief executive Akbar Al Baker has disclosed that the airline made a "substantial" full-year loss, the extent of which will be revealed in about a month's time.

Speaking during the Eurasia air show in Antalya, Al Baker said other parts of the Qatar Airways group business were profitable but not to the degree that they could make up for the airline's deficit.

He says the results for the financial year, ending 31 March 2018, would be unveiled in the next four weeks.

"I don’t want to say the size of the loss but it was substantial,” he adds.

Qatar Airways has been affected by an extensive blockade by several Gulf states. Al Baker says this has increased operating costs and Qatar Airways has been forced to stop services to 18 destinations in Saudi Arabia, the United Arab Emirates, Bahrain and Egypt.

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