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Qatar+Airways+profits+reach+US%24540+million+before+Gulf+crisis
Monday, 12 June 2017 - 9:34
Qatar Airways profits reach US$540 million before Gulf crisis
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Qatar Airways says that its net profits rose by almost 22 percent in the last financial year that ended in March, before the diplomatic fallout with its Gulf neighbours.

The results cover the period from Apr 1st, 2016 to Mar 31st, 2017, well before Saudi Arabia and several of its allies cut ties with Qatar and severed air links with Doha nearly a week ago.

Net profits rose to 540 million US dollars, a 21.7 per cent increase.

Despite this performance, the current period is an uncertain time for the Doha-based carrier.

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