TBM Staff - Mumbai Qatar Airways has announced a remarkable 39% surge in its annual net profit, reaching a record 6.1 billion Qatari riyals (USD 1.67 billion), for the fiscal year ending March 31st. The government-owned airline also reported a 6% increase in revenue, totaling 81 billion riyals during the same period.
The airline attributed its strong financial performance to strategic expansions in its network and fleet, which bolstered revenues and profit margins to unprecedented levels in its history. CEO Badr Mohammed Al-Meer emphasized that their focus on profitability, efficiency, and enhancing customer experience played pivotal roles in achieving these milestones.
With over 40 million passengers flown and an impressive 83% load factor, Qatar Airways continues to solidify its position as a key player in the global aviation sector. The latest financial results underscore its robust operational capabilities and strategic vision for sustained growth in the competitive airline industry.
