Qatar Airways achieves record annual profit of 1.48 billion euros
Qatar Airways announced Thursday record profits of 1.48 billion euros in fiscal year 2021-2022, the largest in the airline industry worldwide in that period despite the difficulties of covid-19.
The airline highlighted in a statement that these are the best results in its 25-year history, as they are “200% above its highest annual historical profit”.
→ Qatar Airways steps into the Metaverse and launches world’s first MetaHuman Cabin Crew.
The company attributes these positive results to its “agility and successful strategy, which continued to focus on customer needs and evolving market opportunities.”
Total revenue increased to 52.3 billion Qatari rials (€13.836 billion), up 78% compared to last year and a notable 2% increase over the fiscal year prior to covid-19, the airline said.
It also said passenger revenues grew 210 % over last year, due to growth in Qatar Airways’ global destination network, increased market share and higher unit profits, for the second consecutive fiscal year.
→ American Airlines and Qatar Airways expand strategic alliance.
Qatar Airways carried 18.5 million passengers in the 2021-2022 financial year, up 218%, and said it remained the world leader in cargo, a sector in which it achieved an estimated 25% increase in revenue over last year.
The company also said it grew to more than 140 destinations after opening new routes and resuming flights to key markets in Europe, Africa, the Middle East and Asia.
“Our strategic investments in a diverse, modern and fuel-efficient aircraft fleet have helped us overcome the challenges of capacity constraints, while balancing commercial needs,” said the airline’s chief executive officer, Akbar Al Baker.
Related Topics
LATAM Airlines Colombia Launches Temporary Barcelona Route to Mitigate Venezuela Connectivity Emergency
LATAM Airlines to Surpass 410 Aircraft by 2026, Introducing Embraer E190-E2
Wingo Launches Flights Between Bogota and Valencia, Venezuela
LATAM Brasil Launches Direct Flights Between São Paulo and Ushuaia for Winter Season
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.