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Qatar Airways reports a $445 million profit

July 20, 2016 Headline News No Comments Email Email

egtmedia59Fuel costs up to 28% lower have pushed up the profits of the Qatar Airways Group to 1.6 billion Qatari riyal compared to 347 million riyals in the previous fiscal year. It is the first time Qatar Airways has released financial results according to Gulf News. Qatar Airways said the fiscal year was the group’s “best yet” , boosting cash balance by 54% to 12 billion riyal despite currency fluctuations and expanding its network to 13 new destinations.

Written by Ian McIntosh

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