Qatar Airways reports record revenues for fiscal year 2022-2023
Qatar Airways Wednesday reported a record annual revenue of 76.3 billion riyals ($21 billion), underpinned by a higher customer base after the Doha-based carrier hosted the FIFA World Cup as its official partner and airline.
Net profit for the fiscal year 2022-2023 stood at 4.4 billion riyals ($1.21 billion), the company said in a statement, when the airlines carried 31.7 million passengers, a 71% jump year-on-year.
→ Qatar Airways inaugurates flights between Doha and Lyon, France
The airline recorded a load factor of 80% and yields, both the highest in the company’s history.
During the World Cup, Qatar Airways operated about 14,000 flights, bringing in more than 1.4 million fans to the Arab country.
The airline could expand its number of destinations by more than 255 from 170 under plans for rapid growth, CEO Akbar Al Baker said in May, but its ability to do so depends on the delivery of additional aircraft.
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