DOHA: Qatar Airways Group has reported a net profit of QR4.4 billion ($1.21 billion)
during the fiscal year 2022-23, reflecting its successful strategy during an extraordinary
year for the Group as Fifa’s official airline partner.
Overall revenue increased to QR76.3 billion ($21.0 billion), up 45 per cent compared to
last year. Passenger revenue increased by 100 per cent over last year, on a capacity
increase of 31 per cent driven by nine per cent higher yields and a load factor of 80 per
cent – both highest in the airline’s history, resulting in a sustainable increase in market
share.
Qatar Airways carried 31.7 million passengers, an increase of 71 per cent over last
year. The continued focus on customer experience, loyalty, digitalisation, and
sustainability has placed Qatar Airways on a strong platform for the future.
The national carrier transported 1.4 million passengers to the hugely successful the Fifa
World Cup Qatar 2022 event on its network. Qatar Airways network grew to more than
160 destinations in 2022/23. Qatar Airways resumed operations to thirteen destinations
namely Amritsar, India; Beijing, China; Denpasar, Indonesia; Geneva, Switzerland;
London Gatwick, UK; Luxor, Egypt; Nagpur, India; Perth, Australia; Qassim, Saudi
Arabia; Sarajevo, Bosnia and Herzegovina; Shanghai, China; Taif, Saudi Arabia; and
Windhoek, Namibia. Moreover in 2022-23, the airline launched two new routes to
Dusseldorf, Germany; and Santorini, Greece, providing more travel choices and greater
connectivity for its passengers.
Qatar Airways Group Chief Executive Akbar Al Baker, said: “This year’s strong financial
results are attributed to the strong passenger demand recovery and the team’s ability to
cater to this demand, aided by our continuing network growth, market leadership, and
the operational efficiencies delivered by our world beating team. Profitability has been
driven by a 100 per cent increase in passenger revenues in the last year.
“Load factors exceeding 80 per cent, and the current yield levels are the highest in our
history. As the global travel recovery from the Covid-19 pandemic continues, we have
managed to retain the high levels of trust, reliability and confidence with our customers.
As a result, we maintained our position as the airline of choice for millions of
passengers worldwide and our team carried 31.7 million passengers, which is an
increase of 71 per cent over last year.”
