Qatar Airways Reports Record-Breaking Profit Despite Final Quarter Airspace Closures
Qatar Airways has announced a record net profit of QAR 4.4 billion ($1.2 billion) for the 2023/24 fiscal year. This achievement was driven by a 7.4% increase in overall revenue, reaching QAR 78.8 billion ($21.6 billion). Passenger numbers saw a substantial 21% growth to 37.5 million, with load factors hitting 80%. The airline demonstrated resilience, overcoming challenges in its final quarter, including regional airspace closures. While passenger revenue soared, cargo revenues saw a decline, reflecting a market normalization after pandemic-era highs.
Official Source: https://aircargoweek.com/qatar-airways-posts-record-operating-profit-despite-airspace-closure-in-final-quarter/
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