Qatar Airways calls for borders to reopen, says more airlines to need aid

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Sumary of Qatar Airways calls for borders to reopen, says more airlines to need aid:

  • Qatar Airways called for countries to safely reopen borders on Tuesday, with its chief executive warning that more airlines would need state aid this year to avoid going bust..
  • Akbar al-Baker said that Qatar Airways, one of the Gulf’s biggest carriers, would emerge from the coronavirus crisis as a top global airline..
  • The state-owned airline received a 7.3 billion riyal ($1.95 billion) equity injection last year from the Qatar government to see it through the travel slump..
  • Airlines around the world are desperate for income but uncertainty over how long some borders will stay closed is making people reluctant to plan or book holidays, leaving many planes grounded or flying near empty..
  • “We need to get borders safely reopened so people will fly again and with airlines expected to bleed cash at least until the fourth quarter of 2021 there is no time to lose,”.
  • Baker said he agreed with industry forecasts that passenger demand would not return to pre-pandemic 2019 levels until 2024, a year later than many had initially thought…

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