Qatar Gulf Membership
Qatar Airways posts $1.2 bn profit over FY23 when it hosted FIFA World Cup
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before. Those figures stand in contrast to the USD 4.1 billion loss it suffered in the 2021 fiscal year amid the coronavirus pandemic and the grounding of its fleet. Qatar Airways' profit of USD 1.2 billion is down slightly from USD 1.5 billion last fiscal year. Part of that came from a spike in operating expenses, particularly in jet fuels as energy prices rose after the grip of the pandemic loosened and air travel resumed. Qatar Airways received a USD 3 billion infusion from the government during the pandemic to keep it afloat. As the global travel industry continued its ..
 "Qatar Airways posts $1.2 bn profit over FY23 when it hosted FIFA World Cup")
Bahrain seeks Qatar's suspension from GCC
GCC is a political and economic union that includes 6 Gulf countries
 "Bahrain seeks Qatar's suspension from GCC")
