(TAN): Qatar Airways Group reported a net profit of QAR 5.6 billion (USD 1.54 billion) during the fiscal year 2021-22, the airline said in a news release.
Overall revenue increased to QAR 52.3 billion, up 78% compared to last year and 2% higher than the full financial year pre-Covid (i.e., 2019-20). Passenger revenue increased by 210% over the last year, due to the growth of the Qatar Airways network, increase in market share and higher unit revenue, for the second financial year in a row.
Qatar Airways carried 18.5 million passengers, an increase of 218% over last year.
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Minister of State for Energy and Qatar Airways Group Chairman Saad Bin Sharida Al-Kaabi said: “Against challenges during the previous period, I am delighted by the achievements that have been accomplished this year and by the way the group has swiftly responded to these challenges.”
Qatar Airways Group CEO Akbar Al Baker said: “This year Qatar Airways Group celebrates a quarter of a century of history since its relaunch, whilst maintaining strong performance and growing profitability. Our commitment to providing the greatest choices to our passengers, maintaining the highest levels of safety in the industry and earning trust have made us proudly become the airline of choice for millions of travellers around the world. We have pursued every business opportunity and left no stone unturned as we aimed to meet our targets.
