Qatar Airways Publishes Annual Report

Qatar Airways released its annual report for its 2018-19 financial year which ended on March 31, 2019. The company reported a net loss of $639 million USD.

The Qatari flag carrier’s passenger revenue increased 14.3% from the prior financial year. Its capacity, measured in ASKs, rose by 13.5%. The airline added eleven cities to its route network and grew its fleet by 25 aircraft.

At the Paris Air Show in June, the airline signed an MoU for five Boeing 777F aircraft for its cargo operations. In July, it participated in a signing ceremony hosted at the White House by President Donald Trump. During that highly-publicized event, it confirmed the aforementioned order with Boeing and signed a deal with GE Aviation for engines to power 30 forthcoming Boeing 787-9 aircraft.

Earlier this month, the carrier began considering an investment in TAAG Angola Airlines, pending the outcome of negotiations with the Government of Angola.

Source: Qatar Airways