September 18, 2018 / 6:19 AM / a month ago

Qatar Airways reports $69 million annual loss

DUBAI, Sept 18 (Reuters) - Qatar Airways reported a loss of 252 million riyals ($69 million) on Tuesday for the year that ended March 31 citing a regional political crisis that has seen it banned from four Arab countries.

The airline, which restated its year-earlier profit to 2.8 billion riyals, said the past year had been its most challenging in the past 20 years.

Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut diplomatic and economic ties with Qatar in June 2017.

Qatar Airways has been banned from flying to the four countries and from using their airspace.

($1 = 3.6400 Qatar riyals)

Reporting by Alexander Cornwell; editing by Jason Neely

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