Qatar Airways posts biggest profit to date

Qatar Airways posts biggest profit to date

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."

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