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Qatar Airways chief says Gulf states ‘bullying’ will hit profits

Markets2017-07-14

Qatar Airways' outspoken boss, Akbar Al-Baker on Thursday called the four Arab nations (Saudi Arabia, the United Arab Emirates, Bahrain and Egypt) "bullies", adding that the airline's profits would take a hit over the dispute. Though he insisted Qatar could sustain the impact of what he called a "blockade", he conceded that his airline would have to cope with additional costs to operate in and out of the country.On June 5, the four Arab nations imposed a blockade on Qatar. One of the sanctions was the closure of their airspace to Qatar Airways.

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Qatar Airways' outspoken boss, Akbar Al-Baker on Thursday called the four Arab nations (Saudi Arabia, the United Arab Emirates, Bahrain and Egypt) "bullies", adding that the airline's profits would take a hit over the dispute. 

Though he insisted Qatar could sustain the impact of what he called a "blockade", he conceded that his airline would have to cope with additional costs to operate in and out of the country.

On June 5, the four Arab nations imposed a blockade on Qatar. One of the sanctions was the closure of their airspace to Qatar Airways.

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