International News

Qatar Airways sees $4 billion revenue loss

1 Mins read

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.

Related posts
International News

Rwanda lures Zim teachers

Rwanda’s President Paul Kagame says his government is urgently looking for ‘quality’ Zimbabwean teachers who are in high demand in a vote…
International News

Afghan TV news anchor reads out headlines while surrounded by armed Taliban.

In a shocking moment, an Afghan TV news presenter read out the headlines while being surrounded by armed Taliban members. The clip…
International NewsLocal NewsNational News

Caledonia ditches Midlands project

TINASHE MAKICHI New York Stock Exchange-listed resources firm, Caledonia Mining Corporation, has ditched its targeted gold mining project at Glen Hume in…

Leave a Reply

Your email address will not be published. Required fields are marked *