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A Qatar Airways 777-200LR departs LAX. (Photo: AirlineGeeks | William Derrickson)

Qatar Airways Reports $2 Billion Loss for Year Ended March 31

Qatar Airways published its 2019-2020 annual report on Sunday, in which it reported that the airline recorded a loss of $2 billion for the period from April 1, 2019 to March 31. The combination of the current airspace blockade against the Qatar, the liquidation of Air Italy, changes in accounting policy and reporting standards and the COVID-19 pandemic crisis were among the most important factors leading the Qatar Airways Group to report a net loss of 7 billion Qatari rials…