Qatar Airways posts 'record' $1.54 bn profit despite pandemic / Photo: KARIM JAAFAR - AFP/File
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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.
R.Lee--AT