Qatar Air Loss Widens on Virus Lockdown, Air Italy Suspension

Qatar Air Loss Widens on Virus Lockdown, Air Italy Suspension

An Airbus SAS A380 aircraft, operated by Qatar Airways Ltd.

Photographer: Jason Alden/BLoomberg









Photographer: Jason Alden/BLoomberg





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.