Qatar Airways' profit rises 22% on long-haul routes, expanded fleet
Qatar Airways, whose state owner has been blockaded by neighbouring Gulf countries, posted an increase in annual profit as it expanded its wide-body jet fleet to send more long-haul travellers through Doha, added destinations and bought stakes in key partner airlines. Net income for the year ended March 31 rose 22% to QAR1.97b (US$538.7m), the carrier said Sunday. Revenue rose 10% to QAR38.9b. The carrier added 10 destinations and carried 32m passengers, up from 26.6m a year earlier. The airline expects to get its first Airbus A350-1000 in 2017 and add 29 A350-900s and 37 A350-1000s over the next 5 years. However, the airline’s ambitious growth plan could be stunted amid an unfolding diplomatic spat over Qatar’s alleged support of extremism. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-12/oneworld/qatar-airways-profit-rises-22-on-long-haul-routes-expanded-fleet
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Qatar Airways' profit rises 22% on long-haul routes, expanded fleet
Qatar Airways, whose state owner has been blockaded by neighbouring Gulf countries, posted an increase in annual profit as it expanded its wide-body jet fleet to send more long-haul travellers through Doha, added destinations and bought stakes in key partner airlines. Net income for the year ended March 31 rose 22% to QAR1.97b (US$538.7m), the carrier said Sunday. Revenue rose 10% to QAR38.9b. The carrier added 10 destinations and carried 32m passengers, up from 26.6m a year earlier. The airline expects to get its first Airbus A350-1000 in 2017 and add 29 A350-900s and 37 A350-1000s over the next 5 years. However, the airline’s ambitious growth plan could be stunted amid an unfolding diplomatic spat over Qatar’s alleged support of extremism. <br/>
