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Record comes just weeks after carrier won Skytrax's Airline of the Year award
Qatar Airways has reported its strongest financial performance in its 27-year history with a total combined revenue of US$22.2 billion and annual profits 39% higher than last financial year.
Total revenue was up by US$1.3 billion or 6%, which is a significant improvement in the Group’s earnings before interest, taxes, depreciation and amortisation, which grew by US$0.3 billion.
According to the airline’s annual report, Qatar Airways passenger loads also surged upwards to 40 million – an increase of 26 per cent year-on-year.
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Minister of State for Energy and Qatar Airways Group Chairman, Saad Bin Sharida Al-Kaabi, said: “This latest remarkable annual performance demonstrates Qatar Airways Group’s flexibility and resilience in successfully navigating a constantly evolving global travel industry, and indicates a strong and sustained rebound from the challenges faced by the sector in recent years.”
Qatar Airways Group Chief Executive Officer, Engr Badr Mohammed Al-Meer, added: “These very strong financials are a testament to the ambition and clear direction that has informed the Qatar Airways Group’s progress throughout the 2023/24 financial year.
“Our continued focus on profitability, efficiency and customer experience has been underpinned by a strategic programme of network growth and fleet expansion, resulting in the highest revenues and profit margins in the history of the airline."
For more information, visit www.qatarairways.com
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