FlyerTalk Forums

FlyerTalk Forums (https://www.flyertalk.com/forum/index.php)
-   Qatar Airways | Privilege Club (https://www.flyertalk.com/forum/qatar-airways-privilege-club-644/)
-   -   Qatar Airways announces financial loss (https://www.flyertalk.com/forum/qatar-airways-privilege-club/1897524-qatar-airways-announces-financial-loss.html)

DatBoi Mar 7, 18 9:56 am

Qatar Airways announces financial loss
 
http://gulfnews.com/news/gulf/qatar/...loss-1.2184359

MattEvan Mar 7, 18 10:12 am

Is anyone surprised by this?

msm2000uk Mar 7, 18 12:10 pm

Under FT Rules, could the OP please give a brief summary of the article without users having to click on the link.

M

strichener Mar 7, 18 12:16 pm

There isn't actually anything of substance in the article.

MattEvan Mar 7, 18 12:19 pm

Reuters: Qatar Airways to report very large loss for current fiscal year: CEO (https://www.reuters.com/article/us-q...-idUSKCN1GJ1VJ)

HE AAB: “We will announce a very large loss during the current financial year which ends this month [March 31],” he said, without giving further details.

HE AAB: QR may need to appeal to state for cashflow.

strichener Mar 7, 18 12:25 pm


Originally Posted by MattEvan (Post 29496878)
Reuters: Qatar Airways to report very large loss for current fiscal year: CEO (https://www.reuters.com/article/us-q...-idUSKCN1GJ1VJ)

HE AAB: “We will announce a very large loss during the current financial year which ends this month [March 31],” he said, without giving further details.

HE AAB: QR may need to appeal to state for cashflow.

No substance here, indeed.

Yes but that isn't the article that the OP linked to. However, even your own article actually states:


When asked if it was running short of cash, Baker said in an interview with Reuters TV that Qatar Airways may need to call on its state owners for extra funds should the blockade continue. “Not for the foreseeable future, but if it continues long term our shareholders will have to put additional equity into the company,” he said.

MattEvan Mar 7, 18 12:28 pm


Originally Posted by strichener (Post 29496908)
Yes but that isn't the article that the OP linked to. However, even your own article actually states:

That's why I edited my post. You have my deepest apologies, I was wrong.

Braniff Mar 7, 18 1:50 pm

I wouldn’t worry too much - QR is the pride of a VERY rich country...

Quote from article:

When asked if it was running short of cash, Baker said in an interview with Reuters TV that Qatar Airways may need to call on its state owners for extra funds should the blockade continue. “Not for the foreseeable future, but if it continues long term our shareholders will have to put additional equity into the company,” he said.

synd Mar 7, 18 1:56 pm

Confirm as to why there has been a few enhancements in the last couple of months....

Johnnieboy Mar 7, 18 1:56 pm

Indeed, making a loss isn't the same as being in trouble

WorldLux Mar 7, 18 2:04 pm


Originally Posted by Johnnieboy (Post 29497282)
Indeed, making a loss isn't the same as being in trouble

I'd expect the loss to be lower in the upcoming FY given that there's no longer an element of surprise requiring them to rebook thousands of passengers to KWI, MCT, etc. and from there onto other carriers.

synd Mar 7, 18 4:43 pm


Originally Posted by WorldLux (Post 29497315)
I'd expect the loss to be lower in the upcoming FY given that there's no longer an element of surprise requiring them to rebook thousands of passengers to KWI, MCT, etc. and from there onto other carriers.

Nonetheless the DXB/AUH flights were pretty full most of the time, and probably helped filling up the LH flights out of DOH too.

WorldLux Mar 7, 18 4:53 pm


Originally Posted by synd (Post 29497818)
Nonetheless the DXB/AUH flights were pretty full most of the time, and probably helped filling up the LH flights out of DOH too.

I didn't say that the loss would disappear but rather that the loss will be lower. QR lost a massive customer base but it's not going to cost them tons of money to rebook existing bookings. This time last year, they had thousands of passengers booked on flights that would be cancelled. Can't imagine that it was cheap rebooking passengers.

makrom Mar 7, 18 6:45 pm

There you have it, QR doesn't receive subsidies, all they get is equity. I bet he could give a lengthy explanation for what the difference is for a state owned company.
Honestly, I don't really care much about the whole subsidy debate, I am just amused about the lengths that involved parties go in order to not use that term.

BRITINJAPAN3 Mar 7, 18 10:19 pm


Originally Posted by makrom (Post 29498129)
There you have it, QR doesn't receive subsidies, all they get is equity. I bet he could give a lengthy explanation for what the difference is for a state owned company.
Honestly, I don't really care much about the whole subsidy debate, I am just amused about the lengths that involved parties go in order to not use that term.

100% agree, just like the US airlines dont get help from the shareholders, just the people they owe money too under Chapter 11 and of course the tax benefits. ALL airlines get subsidies one way or another, as do many , many companies as the recent tax changes in the US prove


All times are GMT -6. The time now is 7:52 am.


This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.