Qatar Airways’ record-breaking annual revenue and $1.21 billion profit is said to be the carrier’s best-ever revenue figure. In celebration of this achievement, the airline has announced a five week bonus for its employees in contrast to its regional competitor, Emirates which offered 24-week bonus to its employees.
As per media reports, the airlines reported a significant rise in revenue in the fiscal year 2022-23 as compared to the fiscal year 2021-2022. It has also named the year 2022-23 as its exceptional period, following the momentous FIFA World Cup, Qatar held in late 2022. This led the airlines to secure higher passenger revenue, despite a relatively modest growth of around 30 per cent in capacity.
The airline carried a total of 31.7 million individuals, marking an impressive 71 per cent increase as compared to the previous year, as mentioned in the media reports.
Speaking on the revenue to media, Akbar Al Baker, chief executive, Qatar Airlines stated how the robust recovery in passenger demand and the team’s capability to meet this demand has helped the carrier get such amazing financial results. He also expressed gratitude towards the whole team for maintaining a strong level of trust, reliability, and confidence among its customers post-COVID time.
Qatar Airways has recently expanded its network to include 160 destinations and successfully resolved a contentious legal conflict with aircraft manufacturer Airbus. This resolution helped the airline to resume operations with its grounded A350 jets.