#Qatar Airways to report second consecutive full year loss: CEO | Reuters

Qatar Airways to report second consecutive full year loss: CEO | Reuters:

Qatar Airways will report a second consecutive annual lost this year, its chief executive said on Wednesday, blaming higher fuel costs and unfavorable currency exchange rates.

The state-owned airline has rapidly expanded to new destinations since it lost access to 18 Middle East cities in 2017 due to a diplomatic rift between Qatar and some other Arab states.

“We announced a loss last year and we will announce another loss this year but it doesn’t mean that Qatar Airways is not going to expand or invest,” Akbar al-Baker told reporters at the ITB travel fair in Berlin.