Qatar Airways reports £1.5bn losses

Long-haul carrier Qatar Airways has reported revenue losses of 1.9 billion US dollars (£1.49 billion) for the past year, blaming the coronavirus pandemic among other things.

The state-owned carrier also pointed to the impact of its liquidation of shares in Air Italy and the ongoing boycott of Doha by four Arab nations, as well as blaming new accounting rules for further adding to losses for the past fiscal year, which ended on March 31.

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