Qatar Airways to Save US$1.2bn from Gulf Concord

MIAMI – Qatar Airways (QR) is set to drop its operational costs by around US$1.2bn, following the history Gulf reconciliation agreement. The airline’s flights have been reopened to Saudi Arabia, UAE, Egypt, and Bahrain airspace.

During the state television interview on Tuesday, Akbar al-Baker, the airline’s executive chairman said the reopening of airspace following the Gulf reconciliation, will have a positive impact on the company’s financial performance.

According to Akbar, Qatari flights will now take shorter routes. The national carrier will also need more time to return to the level of operations of 2019, before the pandemic.

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Source:: “Airways Magazine”

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