Qatar Airways posts 39% jump in annual profit to record $1.67 billion

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Qatar Airways News

Qatari Riyals

Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. 'Our continued focus on profitability...

DUBAI - Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals on Tuesday.

In May, Al-Meer said aircraft manufacturers like Airbus and Boeing needed to put more pressure on their suppliers to reduce delivery delays. The carrier is also in talks to buy a stake of up to 20% in Bain Capital-owned Virgin Australia, according to a report last week.Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying... -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

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