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Qatar Airways sees $4 billion revenue loss

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Qatar Airways has announced that it suffered a more than $4 billion loss in revenues over the last year, as lockdowns triggered by the coronavirus pandemic slashed demand for air travel. It said the loss mostly stemmed from the grounding of its fleet of Airbus A380 and A330 jets, signaling the extent of impact from the pandemic on the aviation industry.

The state-owned airline based in the energy-rich Gulf Arab state of Qatar however praised its resilience in the face of the ongoing COVID 19 pandemic challenges, noting that its operating loss of $288 million stood at 7 percent less than the year before.

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