Qatar Airways was the first to admit that it has suffered a major setback in the sanctions imposed by Saudi Arabia and the United Arab Emirates.
Qatar Airways has lost its flight to 18 cities in Saudi Arabia, the UAE, Egypt and Bahrain, after the countries banned Qatar in the mid-last year.
Qatar Airways CEO Akbar Al-Baker said last year’s account has shown that they have lost a lot of money in their company, and they have increased their spending on the downturn, while on the other hand He declined to comment on how much the company suffered.
“I do not want to say how much the damage was, but it was very vibrant,” said Akbar al-Baker, who was attending the Turkish Airlines flight on Monday night.
He also said the company may require Qatar to finance a new company if it continues to block Saudi Arabia and United Arab Emirates.