Qatar Airways blames $69 million annual loss on Gulf dispute | Reuters

Qatar Airways blames $69 million annual loss on Gulf dispute | Reuters:

Qatar Airways reported on Tuesday a 252 million riyals ($69 million) loss for the financial year ending March 31, citing a regional political dispute that has seen it banned from four Arab countries.

Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Bahrain have banned Qatar Airways since June 2017 as part of a dispute they have with the government of Qatar.

“This turbulent year has inevitably had an impact on our financial results,” Qatar Airways Chief Executive Akbar al-Baker said in a statement.