Qatar Airways announced a loss of 2.3 billion Qatari riyals (US$632 million) for the fiscal year ended March 31, for a -4.8% margin. That’s their second straight year of losses and ten times the loss of the prior year.
The airline basically gets a pass on its financial performance while the country is being blockaded by Saudi Arabia, the UAE, Bahrain, and Egypt. That eliminates travel to 20 destinations in the region, and forces the airline to take circuitous flight routes – increasing fuel costs and flight times (and making the carrier’s schedules less desirable for customers).