The 20-year-old carrier, one of the Middle East's biggest, announced today its revenue rose by USD 1 billion from USD 9.6 billion last year to USD 10.6 billion in the fiscal year ending March 31. Its profits stood at around USD 445 million in 2016.
Analysts estimate that a political standoff between Qatar and other Arab states will cost the airline heavily.
Last week, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut ties with Qatar and blocked direct flights with the country.
Disclaimer: No Business Standard Journalist was involved in creation of this content