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HomeForeign NewsQatar Airways posts largest annual profits in its history at $1.7 billion

Qatar Airways posts largest annual profits in its history at $1.7 billion

Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday.
 
Revenue grew by 6% to 81 billion riyals in the year ended March 31, the government-owned airline said.
 
It carried more than 40 million passengers and recorded a load factor of 83%.
“Our continued focus on profitability, efficiency and customer experience have been underpinned by a strategic programme of network growth and fleet expansion, resulting in the highest revenues and profit margins in the history of the airline”, CEO Badr Mohammed Al-Meer was quoted as saying in a statement from the airline. – Reuters
 
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