Qatar Airways posts 'record' $1.54 bn profit despite pandemic / Photo: KARIM JAAFAR - AFP/File
NYSE - LSE
| RELX | -0.86% | 46.37 | $ | |
| SCS | -3.01% | 10.97 | $ | |
| NGG | -3.3% | 56.13 | $ | |
| RIO | 0.36% | 58.84 | $ | |
| GSK | -1.99% | 33.09 | $ | |
| RBGPF | 100% | 60.49 | $ | |
| RYCEF | -0.42% | 7.07 | $ | |
| AZN | 0.64% | 67.01 | $ | |
| CMSC | -0.79% | 22.92 | $ | |
| BTI | -2.34% | 35.9 | $ | |
| BCC | -1.31% | 115.88 | $ | |
| VOD | -1.99% | 8.05 | $ | |
| BP | 0.54% | 31.29 | $ | |
| BCE | -2.92% | 22.96 | $ | |
| CMSD | -0.65% | 23.25 | $ | |
| JRI | -1.16% | 12.08 | $ |
Qatar Airways posts 'record' $1.54 bn profit despite pandemic
Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a "successful strategy" during the coronavirus pandemic.
The state-owned airline said the profit result was "200 percent above its highest annual historical profit" and achieved on the back of $14.4 billion in overall income.
It said that the revenue figure was "a remarkable two percent higher than the full financial year pre-Covid" in 2019-2020.
"In the most difficult period ever in the global airline industry, the airline credits its positive results to its agility and successful strategy," it said in a statement.
Qatar Airways said it "continued to focus on customer needs and evolving market opportunities, as well as efficiency and the commitment of its worldwide employees".
"This profit is not only a record for Qatar Airways Group, but also a record among all other airlines that have published financial results for this financial year worldwide," the airline said.
T.Moens--JdB
