Qatar Airways reports $445m profit | GulfNews.com

Qatar Airways reports $445m profit | GulfNews.com:

"Qatar Airways Group, the parent company of the Doha-airline, reported a 1.6 billion Qatari riyal ($445 million) profit on Monday that appeared to be largely due to a significant drop in fuel costs.

The Qatar government-owned group’s fuel bill fell by almost 3 billion Qatari riyals — or 28 per cent — in the fiscal year to March 31, according to financial documents released on Monday. Its profit in the previous fiscal was 374 million Qatari riyal. Group revenue grew by 3.8 per cent to 35.1 billion riyals, up from 33.8 billion riyal, according to the documents. It is the first time Qatar Airways has released financial results.

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