Qatar Airways posted a huge loss for the financial year 2018-19 totalling US $639m.
Citing the ongoing blockade, longer routes, higher jet fuel prices and competitive pricing, the airline said it was disappointing but at the same time, given the circumstances, acceptable.
Qatar has added 31 new routes and taken delivery of its 250th aircraft in the past year. It also has 300 on order with a determination to continue towards a permanently nearly new fleet.
The cargo arm posted a significant profit rise of 16.8% – largely down to the blockade and the need to import so much by air.
Even with the loss, overall passenger revenue had actually risen by 14%.