Qatar Airways Reports Highest Profits on Record

Qatar Airways has reported its largest profit ever during what has been a challenging time for most airlines.

Record Earnings

Qatar airlines reported its largest ever profit this fiscal year. The incredible financial gain is not only a record for the company but a record among all other airlines worldwide who have released their figures for this year. An impressive achievement during what has been one of the most devastating periods in history for commercial aviation.

Qatar Airways Plane
It’s been more than a quarter of a century since the airline was founded | © Andrea Ongaro / Travel Radar

In its annual report for 2021/22, the airline reported a net profit of $1.54 billion, which is 200% higher than any previous year’s figures since they were founded. Overall revenue increased to $14.4 billion, 78% higher than last year and 2% higher than the pre-pandemic years.

How Has Qatar made such a Profit?

Several factors contribute to Qatar Airways’ success in the previous year. Firstly, the airline has made significant expansions to its passenger and cargo networks. The airline carried 18.5 million passengers, an increase of 218% on the previous year. Consequently, they saw a 210% increase in passenger revenue.

During the pandemic period, Qatar extended their reach to serve more than 140 destinations, opening new routes to African countries such as Côte d’Ivoire, Zambia, Zimbabwe, and Nigeria, as well as destinations in Europe, Asia and the Middle East. The airline boasts the most extensive network among the Middle Eastern carriers in terms of both destinations and flight frequency.

Qatar Cargo
Cargo has been a major part of Qatar’s success | © Qatar Cargo

The airline’s cargo capacity has seen substantial growth of 25% over the last year, with the airline transporting over 3 million tonnes of air freight. The group received three major industry awards for their cargo services: Cargo Airline of the Year, Cargo Operator of the year at the ATW Airline Awards, and the Air Cargo Industry Achievement Award at the World Air Cargo Awards.

Commenting on the airline’s success, Qatar Airways Group CEO Mr Akbar Al Baker commented: “Our commitment to providing the greatest choices to our passengers, maintaining the highest levels of safety in the industry and earning trust have made us proudly become the airline of choice for millions of travellers around the world. We have pursued every business opportunity and left no stone unturned as we aimed to meet our targets

What are your thoughts on Qatar Airways’ financial success? Let us know in the comments below!

Subscribe to our Weekly Digest!




More News

Southwest Airlines’ Financial Performance Results In Loss In First Quarter Of 2024

Southwest Airlines experienced a significant financial downturn in the...

Turkish Airlines Partners with Airbus and Rolls-Royce to Enhance Turkey’s Aerospace Capabilities

Turkish Airlines has recently announced a new powerful partnership...

American Airlines’ Financial Performance Results in Loss in First Quarter 2024

American Airlines’ financial performance has resulted in a loss...
Josh McMinn
Josh McMinnhttp://joshmcminn.com
Jr Reporter - Josh is an Jr. Aviation Reporter at Travel Radar covering the latest industry news, developments and passenger experiences. Outside of reporting, Josh is a talented artist and camera operator with experience spanning several industries.

LEAVE A REPLY

Please enter your comment!


>
Wordpress themeseotakipçi satın alankara implant fiyatları11yol kapanıpassport psdbatman evden eve nakliyatbalkon köşe takımılastik patlatanevden eve nakliyatkartal evden eve nakliyatfatih antika eşya alanlarfenerbahçe antika eşya alanlarnakliyatantika alanlarantika alanlarwoocommerce baselJannah themeeskişehir inşaat şirketlerieskişehir uydu tamirkitap alanlarantika alanlarantika alanlarseoEskişehir uydupgcdpgcdpmsatuzla evden eve nakliyatAntika alan yerlergaziantep evden eve nakliyateskişehir saç protezihayır lokmasıtuzla evden eve nakliyathayır lokmasıpendik evden eve nakliyatgölcük evden eve nakliyatgölcük evden eve nakliyatistanbul evden eve nakliyatankara evden eve nakliyatporselen kaplama dislerankara diş estetiğidiş teli tedavisimersin evden eve nakliyatEtimesgut evden eve nakliyattuzla asansörlü nakliyatkartal evden eve nakliyatgebze evden eve nakliyatankara evden eve nakliyatankara parca esya tasımaankara gülüş tasarımıankara gülüş tasarımıankara implant fiyatlarıniğde evden eve nakliyatistanbul saç ekimiankara çıkışlı günübirlik turlarEtimesgut evden eve nakliyatEtimesgut evden eve nakliyatkadıköy evden eve nakliyatmersin evden eve nakliyatçankaya evden eve nakliyatankara parca esya tasımamaltepe evden eve nakliyattuzla evden eve nakliyatankara implant fiyatlarıankara gülüş estetiğiyenimahalle evden eve nakliyaten yakın çekiciAntalya Çitseo çalışmasıistanbul hayır lokmasıata şehir evden eve nakliyatmaltepe evden eve nakliyatüsküdar evden eve nakliyatİstanbul evden eve nakliyatmaldives casinospoodleKartal evden eve nakliyatçankaya evden eve nakliyatataşehir evden eve nakliyatankara ofis taşımacılığıboğazda özel tekne kiralamadiş eti ağrısıtuzla nakliyateryaman evden eve nakliyateskişhir uydu servisieskişhir uydu servisipoodlepomeranianzibilyonbet girişdextools trendingdextools trending botdextools trending costdextools trending servicedextools trending algorithmdextools botcoinmarketcap trendingcoinmarketcap trending botpinksale trendingpinksale trending botpancakeswap botuniswap botpancakeswap sniper botuniswap sniper botfront running botfront run botmev botzibilyonbet girişdextools botdextools trending algorithmpinksale trending botprediction botpancakeswap prediction botEtimesgut evden eve nakliyatankara gülüş tasarımıbatman nakliyatmersin nakliyatköpek ilanlarımersin evden eve nakliyatankara evden eve nakliyatMedyumeskişehir uydu servisimersin evden eve nakliyatetiler antika alanlarataşehir antika alanlareskişehir emlakAnkara implant fiyatlarıİstanbul mevlid lokmasıbatman evden eve nakliyattuzla evden eve nakliyatçankırı evden eve nakliyatderince evden eve nakliyatankara evden eve nakliyatankara ofis taşımacılığıankara asansörlü nakliyatankara eşya depolamamersin evden eve nakliyatboerboel yavrupomeranian ilanlarımarsbahisEtimesgut evden eve nakliyattuzla evden eve nakliyattarsus evden eve nakliyatçankaya evden eve nakliyatkeçiören evden eve nakliyatEtimesgut evden eve nakliyatortodontigoogle adskeçiören evden eve nakliyatsancaktepe evden eve nakliyatgülüş tasarımıEskişehir yabancı dil okuluvozol 12000Etimesgut evden eve nakliyatgrandpashabettuzla evden eve nakliyatkadıköy evden eve nakliyatetimesgut evden eve nakliyatlamine dis kaplamadis beyazlatmamamak evden eve nakliyatomegleköpekçipoodle ilanlarıkaliteli replika saatUcuz uc satın alPubg ucgölbaşı evden eve nakliyatcasibomoto çekicişehirler arası nakliyatsancaktepe evden eve nakliyatpendik evden eve nakliyatporselen lamine kaplamaEtimesgut evden eve nakliyatçankaya evden eve nakliyatkocaeli evden eve nakliyateskişehir televizyon tamirimersin evden eve nakliyatpoodlemamak evden eve nakliyatdarıca evden eve nakliyatankara gülüş tasarımıankara asfalt bakımetimesgut evden eve nakliyatEskişehir özel ingilizce dersiankara asansörlü nakliyatankara evden eve nakliyatantikaantikaantika eşya alanlarmağaza koku makinesiodunpazarı emlakMalatya halı yıkamafree cheatsbetneon girişEtimesgut evden eve nakliyatİstanbul mevlid lokması
deneme bonusuCasinoslot girişbig bass bonanza oynaAviator oynasugar rush oynasweet bonanzagates of olympus oynaBahisnowcasibom girişCasinoslotwild west gold demo oynaredbullholdenracing.comdenemebonususiteler.commarsbahisMatadorbetEscortSaatlik escortManisa escortGümüşhane escortfethiye escortDeneme Bonusu Veren SitelerDeneme Bonusucasibomcasibom girişŞişli escortizmir escortDenizli escortMalatya Escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortkadıköy escortcialisViagraBahis siteleriEsenyurt escortmasözmasözantalya escortcasibombonusbetturkeyfixbetdeneme bonusu veren sitelerdeneme bonusu 2024casibombets10jojobet girişpusulabetbetmatik twitterbaywinGrandpashabetcasibomholiganbetbettilt girişcasibom girişslot sitelerisekabetbetmatikbetkanyonsekabetholiganbetbetmatikcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomhitbetsahabetsahabetbettiltvdcasinoilbetcratosroyalbettümbetbaywinslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahisqueenbetmadridbetartemisbetEsenyurt EscortBursa EscortErzincan EscortKayseri EscortMuğla EscortAlanya EscortBahçeşehir EscortgrandpashabetBetofficecasibomcasibomcasibomcasibommavibetbetcupmarsbahiscasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomPusulabetmeritkingmeritking1xbetbahiscombycasinoikimisliorisbetkaçak maç izlecasibom girişcasibom girişcasibom girişcasibom giriş twittercasibom girişcasibom girişfreespin ne ise yararNisanbettipobettipobet,tipobet giriş,tipobet twitterelitcasino,elitcasino güncel giriş,elitcasino twitter,elitcasino girişCasibomataşehir escortjojobetbetturkeybetturkey girişgalabetcasibom girişcasibom giriş