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Qatar Air loss widens on coronavirus lockdown, Air Italy suspension
The loss for the 12 months through March rose 47% to 7 billion riyals ($1.9 billion), the airline said in a statement. It cited lockdowns linked to the virus and Air Italy’s suspension of operations for the loss. Qatar Airways owns 49% of Air Italy.
Updated on: Sep 27, 2020, 17:06:20 IST
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Qatar Airways’ fiscal-year loss widened as the coronavirus pandemic exacerbated the state-owned carrier’s woes.
The loss for the 12 months through March rose 47% to 7 billion riyals ($1.9 billion), the airline said in a statement. It cited lockdowns linked to the virus and Air Italy’s suspension of operations for the loss. Qatar Airways owns 49% of Air Italy.
Total revenue climbed 6.4% to 51.1 billion riyals. It carried 32.4 million passengers, an 8.9% increase from the year-ago period.
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