Categories: BusinessWorld

Qatar Airways posts ‘record’ $1.54b profit despite pandemic

Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a “successful strategy” during the coronavirus pandemic.

The state-owned airline said the profit result was “200 percent above its highest annual historical profit” and achieved on the back of $14.4 billion in overall income.

It said that the revenue figure was “a remarkable two percent higher than the full financial year pre-Covid” in 2019-2020.

“In the most difficult period ever in the global airline industry, the airline credits its positive results to its agility and successful strategy,” it said in a statement.

Qatar Airways said it “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,” the airline said. –AFP

Dayang Norazhar

Recent Posts

NMRA Investors Have Opportunity to Lead Neumora Therapeutics, Inc. Securities Fraud Lawsuit First Filed by The Firm

NEW YORK, Feb. 9, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law…

2 hours ago

Love, Hope and Action on Display at He Gets Us Presents Jon Batiste’s Love Riot Festival

Ledisi Joined Batiste Onstage as Big Game Weekend Festival Reveled in New Orleans' 9th Ward…

3 hours ago

SANS PRĖCĖDENT – TWO LEGENDS EXPLORE ONE OF THE WORLD’S MOST RESPECTED VARIETALS

ADELAIDE, Australia, Feb. 9, 2025 /PRNewswire/ -- Introducing Grange La Chapelle 2021, the result of…

3 hours ago