Qatar Airways Soars to Record Profit in 2021/22
Qatar Airways has announced a record-breaking net profit of $1.9 billion for the 2021/22 financial year โ marking a massive 200% increase compared to the previous year. This impressive milestone isnโt just a personal best for the airline, but also the highest profit recorded among all airlines that published results for the same period worldwide.
According to Qatar Airways, the secret behind this success lies in its agility, strategic focus on customer needs, and ability to adapt to evolving market demands. The airline also highlighted the dedication of its global workforce and its continuous pursuit of operational efficiency as key contributors to its strong performance.
Total revenue for the group reached $14.4 billion (QAR 52.3 billion), up 78% from the previous year and even surpassing pre-COVID figures by 2%. Passenger revenue saw an impressive 210% increase, thanks to the expansion of its global network, a larger market share, and strong unit revenue growth for the second year in a row.
In total, Qatar Airways carried 18.5 million passengers during the fiscal year โ a remarkable 218% jump compared to the previous year.
This outstanding performance reinforces Qatar Airways' reputation for delivering top-tier service and innovative travel solutions. The airline expressed its gratitude to its loyal passengers and looks forward to welcoming even more travelers on board in the future.
Stay tuned to Flyallover for more aviation industry highlights and updates from leading airlines around the globe.