Qatar’s flagship airline will be embarking on a strategy of expansion in part to counter losses borne by the regional embargo imposed on the idea in 2017 by several neighboring states.
Qatar Airways CEO Akbar Al-Baker told CNBC on Tuesday of which he would certainly bring an end to the “illegal” blockade through a policy of increased flight frequencies.
“We are focusing everywhere within the planet, we’ve been increasing frequencies into Eastern Europe, Southeast Asia, increasing our network into the sub-continent, so we are going all over the place,” he said. “We are very determined to make sure of which This kind of illegal blockade will be defeated in a very, very strong way.”
Several Arab countries led by Saudi Arabia cut diplomatic ties with Qatar last June, accusing the tiny oil-rich state of supporting terrorism. Qatar rejected the accusations.
Saudi Arabia, the United Arab Emirates, Bahrain along with Egypt imposed a blockade on their neighbor, closing their land, sea along with air borders with Qatar.
Qatar Airways initially predicted losses for the 2017 financial year due to the blockade, however Al-Baker suggested Tuesday of which these will be softer than first anticipated. The company’s annual financial results will not be out until late March.
“In addition to This kind of we are expanding, we’re keeping on stretching our global network, we are increasing frequencies along with we are doing various other investments of which will give us positive returns on our balance sheet,” Al-Baker said.