By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Record Loss for Qatar Airways
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Record Loss for Qatar Airways

Record Loss for Qatar Airways

Nadeane Smallwood
Last updated: 28 September 2021 06:51
By Nadeane Smallwood
3 Min Read
Share
Qatar Airways Fleet on Stand
Qatar Airways Fleet on Stand
SHARE

Triggered by the coronavirus pandemic, national lockdowns, travel restrictions and economic hardship, the demand for long haul air travel almost grounded to a complete halt. With passenger numbers slashed, Qatar Airways reports a revenue loss of $4.1 billion for the 2020/2021 financial year, largely due to the retribute to a one-time impairment charge for the grounding of their A330 and A380 fleet.  The cost of grounding these aircrafts came to a staggering $2.3 billion of that $4.2 billion loss, although the airline has reported the A330 will be reintroduced back in to service sooner than expected.

Qatar A380
Half of Qatar’s A380 fleet will never fly for the airline again, the CEO has said. Photo: iStock

Whilst most airlines cut back their services during the pandemic, Qatar Airways took the unconventional approach throughout and never stopped flying. The airline also added services back much quicker compared to other airlines, which gave Qatar Airways a huge recovery advantage. “Whilst our competitors grounded their aircraft and closed their routes, we adapted our entire commercial operation to respond to ever-evolving travel restrictions and never stopped flying,” Qatar Airways CEO Akbar Al Baker said in a statement.

Government Lifeline

The carrier acknowledged  a $3 billion capital injection from the Qatari government as it struggled with virus variants, international travel restrictions and low passenger numbers. Qatar Airways transported 5.8 million passengers in the last fiscal year, compared to 32.3 million the previous year, a colossal 82% drop.

Qatar Airways was not the only airline to receive a government aided cash infusion, many airlines received assistance or  bailouts to help cushion the blow of the pandemic. Emirates reported a $5.5 billion loss over the last year and received $3.1 billion from the Dubai government.

Pent-Up Demand

From October 4th the state of Qatar will move to the UK’s green list.  Fully vaccinated travellers arriving via Doha, will no longer have to quarantine on arrival when entering the UK. Earlier this month Qatar Airways announced it will increase frequencies to Manchester and Edinburgh airports for better connection through to the UK. With Qatar Airways continuing network expansion throughout the pandemic and pent-up demand for air travel, this puts the carrier in a great position to service Australian and New Zealand passengers to and from the UK once international borders reopen.

Air Passenger Traffic Surging Again | © Mid-Day
Air Passenger Traffic Surging Again | © Mid-Day

You Might Also Like

Turkish Airlines impresses by breaking occupancy record
Visiting New York City: Your 2020 Guide
Display Teams; The Blue Angels
Demand for private jets soars during Covid-19 Pandemic
China Southern A380 damaged in hail storm
Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Nadeane Smallwood
ByNadeane Smallwood
Follow:
A recent MSc Air Transport graduate, with a passion for aviation, journalism and creative writing. Nadeane is a London based aviation Journalist, with over ten years experience in various roles across the aviation industry and travelled to over 40 countries.
Previous Article Showing image of Denver International Airport Denver International Airport plugging all oil and gas wells by 2024
Next Article An Emirates B777-300ER taking off Emirates Ready To Restart Flights To Gatwick From December
Subscribe
Login
Notify of
guest

guest

0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Airbus A321 Air Astana P4-OAS
Air Astana to Expand Network in the Middle East and Asia
Airlines Aviation Route Development
Emrecan Ergin, Vice President, Middle East and Africa at PPG Group
Plaza Premium Group Appoints the New Vice President, Emrecan Ergin
Airports Aviation Careers
EasyJet aircraft
easyJet Launch Five-Star Luxury Holiday Package Collection
Airlines Aviation Route Development Travel
BA CityFlyer Embraer
British Airways Announces Transatlantic Expansion With New Direct U.S Flight
Aircraft Aviation Travel
A LEGO figure next to a Billund Airport and Norwegian signboard.
Norwegian Announces New Billund – Edinburgh Route
Airlines Aviation Route Development
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
Welcome to the TR Community!

Sign in to your account

Not a member? Sign Up