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Jun 18, 2022

Qatar Airways: First ever historic net profit in 25-year

Foreign Affairs News Desk
Qatar Air

Qatar Airways has made a recordable net profit of QAR 5.6bn (US $1.54bn) during the fiscal year 2021/22.

As per the Qatar Airways Twitter report, this profit is the highest annual historical profit that crossed 200 per cent above in its 25 years of service.

Passenger revenue also increased by 210 per cent compared to the last year. It was due to the expansion of the Qatar Airways network. The national carrier of State of Qatar flew to over than 140 destinations in 2021/22, opening new routes including Abidjan, Côte d’Ivoire; Lusaka, Zambia; Harare, Zimbabwe; Almaty, Kazakhstan and Kano and Port Harcourt, Nigeria in addition to resuming flights to key markets across Europe, Africa, the Middle East and Asia.

Qatar Airways carried 18.5 million passengers in 2021/22 which shows an increase of 218 per cent.

Qatar Airways Cargo recorded revenue growth of 25 per cent.

Qatar Airways group chief executive, Akbar Al Baker, said: “This year Qatar Airways Group celebrates 25th year with maintaining strong performance and growing profitability.

Qatar Airways has been certified as a 5-Star Airline based on its quality of its airport and onboard product and staff service.

A multiple award-winning airline, Qatar Airways was awarded World’s Best Business Class; Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East at the prestigious 2016 Skytrax World Airline Awards.

Qatar Airways is headquartered in the Tower in Doha, the airline flying to over 173 destinations around the world with its 233 fleets.