Business

Qatar Airways to expand despite 'large loss' — chief

Wednesday, April 25, 2018

Print this page Email A Friend!


DOHA, Qatar (AFP) — Qatar Airways will continue to expand even as it prepares to announce “large” annual losses due to a blockade by neighbours, the airline's chief executive said on Monday.

Akbar al-Baker said the Gulf carrier remained a “very robust company” despite being heavily affected by a regional diplomatic dispute that has seen it lose access to routes across Saudi Arabia, the United Arab Emirates, Bahrain and Egypt.

“Yes, it will be a large loss. When I say we will be declaring a large loss, for me, after making profit, then even if I lost only US$10 million, it's a large loss,” Baker told a press conference.

But he said that the national carrier is not in danger of a collapse.

“You can see although that we are predicting a loss, we are still expanding, we are still investing, we are still buying aeroplanes.

“We will keep on expanding, keep on recruiting not firing people, not parking aeroplanes, (and) shrinking the network, doing exactly the opposite.”

Barring Qatar Airways from using its neighbours' airspace has increased costs for the company during the 10 months since the crisis erupted.

The airline made a profit of US$540 million last year and new results will be announced in June.

Qatar Airways has a fleet of around 200 aircraft and over 100 more on firm orders.

The outspoken Baker accused neighbouring former allies of “bullying” Qatar after they cut all ties with the emirate last June.

Taking a swipe at American carriers, he said they hide behind US bankruptcy protection laws whereas Qatar Airways does not enjoy this benefit.

Baker also confirmed that plans to expand Doha's Hamad International Airport in time for the 2022 World Cup would go ahead.

But he denied recent claims in Norwegian media about labour abuse at the airport, run by Qatar Airways.

“As far as the welfare of employees is concerned, we are really a role model,” he said.

ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT