Monday 14 November 2011

Airlines face losses or stagnant revenues for 24-36 months says Qatar Airways CEO « ArabianMoney

Global airlines have flown into severe turbulence this year and the continuing fall-out from the eurozone crisis promises a tough 24-36 month period warned Qatar Airways CEO Akbar Al Baker at the Dubai Airshow today.

He said ‘his’ airline would be one of the least affected but that the industry faced at best flat revenues and could have huge losses. Qatar Airways has seen a five per cent drop in revenues he revealed in an interview with CNBC.

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