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Qatar Airways Group reports highest profit in its history

Posted : 18 June 2022 07:01:09 | By TWO Bureau | GNN Bureau

Qatar Airways Group reports highest profit in its history

Qatar Airways Group reported a record net profit of QAR 5.6 billion (US$ 1.54 billion) during fiscal year 2021-22. Overall revenue increased to QAR 52.3 billion (US$ 14.4 billion), up 78 per cent compared to the previous year and a remarkable 2% higher than the full financial year pre-COVID (i.e., 2019-20).

Passenger revenue increased by 210% over the previous year, due to the growth of the Qatar Airways network, increase in market share and higher unit revenue, for the second financial year in a row. Qatar Airways carried 18.5 million passengers, an increase of 218% over last year.

The positive results show the Group’s agility and successful strategy which continued to focus on customer needs and evolving market opportunities, as well as efficiency and the commitment of its worldwide employees. This profit is not only a record for Qatar Airways Group, but also a record among all other airlines that have published financial results for this financial year worldwide.

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Tags : ##qatar_airways, # #profitability, # #210percent, # #qatartourism,

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