Qatar Airways reports record revenues, bolstered by FIFA World Cup

Qatar Airways announced grounds yearly gross Thursday aft the company's finances were bolstered by the FIFA World Cup, which was hosted successful Qatar past year.

Qatar Airways Group reported that rider gross was up 100% during its fiscal twelvemonth 2022/23, with wide gross up to 76.3 cardinal Qatari riyals ($21 billion).

A full of 31.7 cardinal passengers flew with Qatar's flagship bearer successful the past year, which was up 71% compared to the erstwhile year.

The World Cup provided a sizeable boost to Qatar's rider figures, with the hose transporting 1.4 cardinal passengers to the event. The bearer was the authoritative hose of the shot tournament.

The hose attributed the results to a "successful strategy during an bonzer year," according to a property merchandise by the airline.

The results are successful lockstep with the planetary resurgence airlines are seeing arsenic the post-pandemic betterment is successful afloat plaything pursuing a turbulent fewer years for the sector. Emirates and Ryanair announced bumper profits successful May, portion easyJet and British Airways some raised their nett expectations for the upcoming year.

Qatar Airways received a $1.95 cardinal authorities bailout successful September 2020 aft the state-owned radical reported yearly losses of much than 50% of its stock capital. The bearer made dense occupation cuts and delayed caller craft arsenic the Covid-19 pandemic crushed aerial question to a halt.

Investors volition beryllium looking to spot however the hose fares successful the coming year, peculiarly with the motorboat of caller rival Riyadh Air, which debuted successful March.

Qatar Airways CEO Akbar Al Baker said that his hose "love[s] competition," erstwhile helium spoke to CNBC successful May.

"We volition vie similar we person been competing each these years," helium said astatine the Arabian Travel Market league successful Dubai.