Qatar Airways had a fantastic year during the 2022-2023 financial period, largely thanks to hosting the FIFA World Cup in Doha. The airline reported impressive financial results, including a net profit of $1.21 billion, slightly lower than the previous year but still significant.
The company achieved a record-high revenue of $21 billion, the highest in its history. Qatar Airways experienced remarkable growth in the number of passengers, carrying 31.7 million people, a substantial increase from the previous year’s 18.5 million.
Despite increasing its capacity by 31%, the airline saw an incredible 100% growth in passenger numbers. This success can be attributed to factors such as strong passenger demand recovery, expanding its flight network, leading the market, and efficient operations.
The airline’s outstanding performance is evident in a 9% increase in yield and an 80% load factor, both of which are the highest levels ever achieved by the company. The EBITDA margin of 23%, totaling $4.9 billion, further demonstrates Qatar Airways’ financial strength and success during this period.
Qatar Airways Group CEO, Akbar Al Baker, expressed his satisfaction with the airline’s achievements, giving credit to the team’s ability to meet the increased demand from passengers. He highlighted the trust, reliability, and confidence that Qatar Airways has maintained with its customers, making it the preferred airline for millions of people worldwide.
The CEO also emphasized the airline’s role in the global recovery from the COVID-19 pandemic and the team’s commitment to delivering exceptional service. Qatar Airways’ exceptional financial performance, combined with its strong reputation, positions the airline as a leader in the industry, highly valued by passengers around the world.
