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Qatar Airways Keeps up Strong Earnings Despite Blockade

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Qatar Airways Keeps up Strong Earnings Despite Blockade BUSINESS | Page 1 SPORT | Page 1 Messi hat-trick fi res Barcelona QSE emerges as one to victory of world’s strongest bourses in 2018 over PSV published in QATAR since 1978 WEDNESDAY Vol. XXXIX No. 10946 September 19, 2018 Moharram 9, 1440 AH GULF TIMES www. gulf-times.com 2 Riyals Amir chairs SC Board meeting ICC to probe Myanmar crimes against Rohingya is Highness the Amir Sheikh In brief Tamim bin Hamad al-Thani O UN investigation confirms genocide Hchaired the third meeting of the Board of Directors of Supreme Committee for Delivery & Legacy (SC) AFP Rohingya because Bangladesh is a for 2018. The meeting was held at the The Hague member. Amiri Diwan yesterday morning. “I have decided to proceed to the The meeting was attended by His next phase of the process and to carry QATAR | Offi cial Highness the Deputy Amir Sheikh he International Criminal out a full-fl edged preliminary exami- Amir congratulates Abdullah bin Hamad al-Thani and the Court’s prosecutor opened a nation of the situation at hand,” Ben- Personal Representative of the Amir Tpreliminary probe yesterday souda said in a statement. president of Chile His Highness Sheikh Jassim bin Ha- into Myanmar’s alleged crimes against Bensouda said the initial probe His Highness the Amir Sheikh Tamim mad al-Thani, Vice-Chairman of the Rohingya Muslims, including killings, “may take into account a number of bin Hamad al-Thani, His Highness board. sexual violence and forced deporta- alleged coercive acts having resulted the Deputy Amir Sheikh Abdullah HE the Prime Minister and Minister tions. in the forced displacement of the Ro- bin Hamad al-Thani and HE the of Interior Sheikh Abdullah bin Nass- Prosecutor Fatou Bensouda will hingya people.” Prime Minister and Minister of er bin Khalifa al-Thani, who is also a look at whether there is enough evi- The ICC announcement came on Interior Sheikh Abdullah bin Nasser member of the board and the other dence to warrant a full investigation the same day as UN investigators said bin Khalifa al-Thani sent yesterday members of the board also attended. into Myanmar’s military crackdown that Myanmar’s army had used “hard cables of congratulations to Chile’s The meeting reviewed the latest de- which has seen some 700,000 people to fathom” levels of violence against President Sebastian Pinera on velopments of the FIFA World Cup Qa- fl ee into neighbouring Bangladesh. the Rohingya and should be prosecut- the anniversary of his country’s tar 2022 projects. A presentation was The move comes nearly two weeks ed for genocide. Independence Day. made on the overall achievements. after judges ruled that even though The UN fact-fi nding mission also The championship’s security plan Myanmar has not signed up to the repeated suggestions that crimes ARAB WORLD | Confl ict and comprehensive transport plan at Hague-based ICC, the court still has against the Rohingya be referred to the Syria mistakenly downs the state level were also reviewed. jurisdiction over crimes against the ICC. Page 11 Russian warplane Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin sought to defuse a crisis yesterday after Syrian Qatar Airways has over defences mistakenly downed a Russian warplane after Israeli air Qatar Airways keeps strikes. The incident late Monday 300 aircraft worth more was the deadliest known case of friendly fire between Syria and its key backer Russia since Moscow’s than $90bn on order game-changing 2015 military up strong earnings intervention. Putin said it was the result of “tragic accidental By Pratap John Baker said: “As much as possible we circumstances”. Page 8 Chief Business Reporter continued with a ‘business as usual attitude’ while we made adjustments EAST ASIA | Diplomacy to the deployment of our aircraft that atar Airways has more than had previously been fl ying to the now despite blockade S Korea leader, North’s 300 aircraft worth more than 18 blockaded destinations. Kim hold summit talks Q$90bn on order, illustrating the “New destinations to Sohar, Qatar Airways Group more than 300 aircraft on order worth South Korea’s president and the national carrier’s appetite for growth Prague and Kyiv were quickly an- generates earnings before more than $90bn with both the leading North’s leader Kim Jong-un drove and expansion in the face of the illegal nounced and launched within 10 aircraft manufacturers - Boeing and together through the streets blockade by the country’s neighbours weeks while a number of aircraft interest, taxes, depreciation, Airbus. of Pyongyang yesterday past and other challenging geopolitical and crew were leased to British Air- amortisation, and The national airline’s cargo revenue thousands of cheering citizens conditions. ways to overcome the strike impact- restructuring or rent costs witnessed very impressive growth of before opening a summit where Aircraft on order include planes ing their operations during the peak 34.4% against cargo capacity (Avail- Moon Jae-in will seek to reboot from both the leading manufacturers- summer season.” (EBITDAR) margin of 23% at able Tonne Kilometres) growing 13.95% stalled denuclearisation talks Boeing and Airbus. Al-Baker noted: “Our expansion QR9.7bn in fiscal 2018 annually. between his hosts and the United On order include 100 Boeing 777Sx continued apace throughout the year Currently, Qatar Airways Cargo is States. Kim and Moon embraced at (including options), 60 Boeing 737 with additional services being added By Pratap John the world’s second largest cargo op- Pyongyang’s international airport Max 8 (including 20 fi rm), 30 Boe- to our global network to popular desti- Chief Business Reporter erator. — where the North Korean leader ing 787s, seven Boeing 777-300ER and nations such as St. Petersburg, Chiang The report noted that EBITDAR had supervised missile launches last three Boeing 777F, 80 Airbus A320 neo Mai, Pattaya, Penang and Canberra. In was lower than the previous year by year as tensions mounted. Page 12 (including options), 54 Airbus A350s, total our route map increased by 14 new obust business planning and QR1.759bn “due to longer fl ying time eight Airbus A330 freighter (options) destinations during the fi nancial year, swift actions, post-blockade, resulting from the illegal blockade and AMERICA | Politics and one Airbus A380. connecting our passengers to even Rhave helped Qatar Airways group Qatar Airways Group Chief Executive loss of departing seats from the block- During fi scal 2018, Qatar Airways more exciting business and leisure hot generate earnings before interest, tax- Akbar al-Baker ading countries.” US mulls Polish request reached another important milestone spots around the world. es, depreciation, amortisation, and re- Replacing 18 mature routes, which for military base when it welcomed its 200th aircraft “This turbulent year though has structuring or rent costs (EBITDAR) of ience in the face of adversity. were closed due to the illegal blockade, President Donald Trump said into the fl eet. inevitably had an impact on our fi- 23% at QR9.7bn in fi scal 2018. Qatar Airways said “lower revenue the airline opened 14 new destinations yesterday the United States is As of March 31, 2018 Qatar Airways nancial results, which reflect the The national airline’s overall revenue growth was directly attributable to during the fi scal year (24 new destina- considering a request from Poland fl eet stood at 213 aircraft with an aver- negative effect the illegal blockade and other operating income grew 7.22% the illegal blockade” since June 5, 2017, tions to date). for a permanent US military age age of under fi ve years, making it has had on our airline. However, I am annually compared to capacity (Avail- which impacted departing seats by 19%. New destinations come with launch presence in the fellow Nato country, “one of the youngest fl eets fl ying the pleased to say that thanks to our ro- able Seat Kilometres) growth of 9.96%, The national carrier carried more costs and the necessity to establish acknowledging that he shares skies” today. bust business planning, swift actions revealed Qatar Airways Group annual than 29.1mn passengers and lifted market presence, which resulted in an Poland’s concerns about possible In the months that followed the in the face of the crisis, our passen- report 2017/18 released in Doha yes- nearly 1.4mn tonnes of cargo in fi scal overall net loss of QR252mn. Russian aggression. Polish President blockade, Qatar Airways took many ger-focused solutions and dedicated terday. 2018. Qatar Airways Group Chief Execu- Andrzej Duda asked Trump for a steps to ensure that the impact of the staff, the impact has been minimised With a positive operating cash in- The Qatar Airways fl eet stood at 213 tive Akbar al-Baker said: “This turbu- permanent US base during a White blockade on the airline was “contained – and has certainly not been as nega- fl ow, the cash position of the Group (as of March 2018) and now the airline lent year has inevitably had an impact House meeting, off ering to name and controlled”. tive as our neighbouring countries remained strong at QR13.31bn, accord- fl ies to more than 150 destinations all on our fi nancial results, which refl ect it “Fort Trump,” and explaining In its 2018 annual report, Qatar Air- may have hoped for.” ing to the annual report, which demon- over the world. the negative eff ect the illegal blockade it would be a bulwark against ways Group Chief Executive Akbar al- Business Pages 1, 16 strates the airline’s strength and resil- Additionally, Qatar Airways has has had on our airline. To Page 3 what he considers a threat from Russia.
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