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FINANCIAL NEWS
Qatar Airways delays launch of low-cost carrier
07 Apr 2010
(MENAFN) The Chief Executive Officer at Qatar Airways said that the airline has finalized plans for its low-cost carrier, but it will not launch it until it faces threats of losing revenues to other budget airlines in the region, Gulf News reported.
He pointed out that Qatar Airways will launch the budget airline if there is a major dent in its revenue, adding that other budget airlines flying to Doha have not had any major impact on the revenues of Qatar Airways.
The airline carried 12 million passengers in the 2008-09 financial year (April-March) and is expecting to carry 14 million in fiscal year 2010-11.
This year, apart from the new Ankara link, the airline started flights to Bangalore on February 22 and Copenhagen on March 30, while it will fly to Tokyo on April 26, Barcelona on June 7, and Sao Paulo and Buenos Aires on June 24.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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