The Pak Banker - - BUSINESS -

Qatar Air­ways re­leased fi­nan­cial data cov­er­ing the past ten years in re­sponse to ac­cu­sa­tions by the United States' three largest air­lines - Amer­i­can, United and Delta - that it is un­fairly state-sub­sidised.

The re­sponse, a doc­u­ment ti­tled Qatar Air­ways Open Skies Sub­mis­sions, stated that the air­lines net in­come last year was $73,197,000 (Dh269 mil­lion), an in­crease of 60 per cent on the $45,494,000 net in­come in 2013.

The doc­u­ment is the first time the state-owned air­line has re­leased its fi­nan­cial data, how­ever, Group Chief Ex­ec­u­tive Ak­bar Al Bakar has stated in the past the Doha-based car­rier is prof­itable.

Will Hor­ton, se­nior an­a­lyst at CAPA - Cen­tre for Avi­a­tion, told Gulf News by email Qatar Air­ways' crit­ics will be quick to dis­miss the num­bers. "Given how coy they [Qatar Air­ways] have been about profit, it is sur­pris­ing to see a fi­nan­cial history, al­beit lim­ited and unau­dited," he said. Ear­lier this year, Al Baker told the Wall Street Jour­nal the air­line made $103 mil­lion profit in 2014.

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