The 2022–2023 fiscal year was a great one for Qatar Airways, in large part because Doha hosted the FIFA World Cup. The airline announced impressive financial results, including a net profit of $1.21 billion, which was still sizable despite being slightly lower than the prior year.
$21 billion in revenue was a record high for the company and the highest in its history. With 31.7 million passengers, up from 18.5 million the year before, Qatar Airways saw a remarkable increase in the number of travelers.
The airline saw an incredible 100% growth in passengers despite a 31% increase in capacity. Strong passenger demand recovery, network expansion, market dominance, and effective operations are just a few examples of the factors that have contributed to this success.
A 9% increase in yield and an 80% load factor, both of which are the highest levels ever attained by the company, demonstrate the airline’s exceptional performance. Qatar Airways’ financial strength and achievement during this time period are further illustrated by the EBITDA margin of 23%, which amounts to $4.9 billion.
Akbar Al Baker, CEO of Qatar Airways Group, expressed his satisfaction with the airline’s accomplishments and credited the team for being able to handle the escalating passenger demand. He emphasized how millions of people around the world choose Qatar Airways as their preferred airline because of its reputation for dependability, trust, and confidence with its passengers.
The CEO also emphasized the airline’s contribution to the global COVID-19 pandemic recovery and the team’s dedication to providing first-rate service. Due to Qatar Airways’ outstanding financial results and solid reputation, the airline is regarded as a leader in its field and is highly regarded by travelers from all over the world.
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