Qatar Airways posts ‘record’ US$1.54 bil profit despite pandemic

Qatar Airways posts ‘record’ US$1.54 bil profit despite pandemic

It is 200% above its highest historical annual profit.

A Qatar Airways plane prepares to take off at San Francisco International Airport in December 2020. (AP pic)
DOHA:
Qatar Airways today posted a record net profit of US$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% above its highest historical annual profit” and achieved on the back of US$14.4 billion in overall income.

It said that the revenue figure was “a remarkable 2% 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.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.