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State-owned Qatar Airways posted a more than 7 per cent decline in annual net profit on Wednesday but flagged progress in rebuilding its global schedule as it navigates the impact of the Iran war, Reuters reports.
The industry has faced its biggest crisis since the COVID-19 pandemic, with temporary airspace closures in the Middle East forcing thousands of cancellations since the conflict started at the end of February.
Qatar Airways reported net profit of 7.08 billion QAR ($1.94 billion) for the 12 months to March 31 as passenger numbers slipped to 41.8 million from 43.1 million the previous year.
