Qatar Airways reports earning a $2.15 billion profit in its last fiscal year, a record for carrier

DUBAI – The holding institution that owns Qatar Airways reported Monday it earned a $2.15 cardinal nett successful its past fiscal year, its highest-ever nett disconnected the backmost of grounds rider numbers arsenic planetary aviation bounces backmost aft the coronavirus pandemic.

The state-owned bearer reported revenues of $23.4 cardinal wide successful the results, up from $22.1 cardinal the twelvemonth before. Its fiscal twelvemonth profits successful the anterior reporting play were $1.6 billion.

“These record-breaking results are a testament to the hard work, accomplishment and dedication of teams crossed each of Qatar Airways Group," said radical CEO Badr Mohammed al-Meer successful a statement.

Qatar Airways, on with Abu Dhabi-based Emirates and Dubai's Emirates, are long-haul carriers that nexus East-West travel. Their determination connected the Arabian Peninsula betwixt Europe and Asia person made them a cardinal nexus successful planetary transit. Qatar Airways besides got a boost erstwhile the small, energy-rich federation hosted soccer's 2022 FIFA World Cup.

Qatar Airways reported carrying 43.1 cardinal passengers, up from the anterior fiscal year's 40 million. Its fleet includes implicit 230 aircraft, which is simply a premix of Airbus and Boeing long-haul and medium-range planes.

The Qatar Airways Group includes the airline, its cargo service, the country's airdrome relation and Qatar Duty Free. Its fiscal twelvemonth runs from April 1 to March 31.

The announcement follows long-haul bearer Emirates earlier this month saying that it earned yearly profits of $5.2 billion, with the state-owned steadfast declaring itself the world’s astir profitable airline.

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