The Qatar Airways group recorded the best revenue in its historical past

The Qatar Airways group recorded the highest profit in its history

In line with the 2021/21 annual report, launched by the Qatar Airways Group, the airline recorded its strongest monetary efficiency throughout that interval, 200% above its historic highest annual revenue.

In probably the most troublesome interval ever within the world aviation trade, the airline attributes its optimistic outcomes to its agility and profitable technique that has continued to concentrate on buyer wants and evolving market alternatives, in addition to effectivity and success. dedication of its staff around the globe.

This revenue just isn’t solely a document for Qatar Airways Group, but additionally a document amongst all different airways which have revealed monetary outcomes for this monetary 12 months around the globe.

Qatar Airways Group posted a document web revenue of QAR 5.6 billion (US $ 1.54 billion) throughout fiscal 12 months 2021/22. General income elevated to QAR 52.3 billion (US $ 14.4 billion), up 78% from final 12 months and as a lot as 2% over all the pre-COVID monetary 12 months (i.e. , 2019/20). Passenger income has elevated 210% over the previous 12 months, because of the development of the Qatar Airways community, elevated market share and better income per unit, for the second consecutive monetary 12 months. Qatar Airways carried 18.5 million passengers, a 218% improve over final 12 months.

Qatar Airways Cargo remained the biggest participant on this planet as its revenues recorded a powerful 25% development in comparison with final 12 months with a 25% development in cargo capability (tonnes per kilometer obtainable) yearly.

The Group generated a powerful EBITDA margin of 34% at QAR 17.7 billion (US $ 4.9 billion). EBITDA was QAR 11.8 billion (US $ 3.2 billion) larger the earlier 12 months due to lean, agile and fit-for-purpose operations throughout all enterprise areas. These document beneficial properties are the results of the selections made through the pandemic to broaden Qatar Airways’ passenger and freight networks, with a extra correct forecast of the worldwide market restoration, constructing additional buyer and industrial loyalty and product excellence mixed with robust management. prices.

Regardless of the challenges of COVID-19, the nationwide service of the state of Qatar has grown to succeed in over 140 locations in 2021/22, opening new routes together with Abidjan, Ivory Coast; Lusaka, Zambia; Harare, Zimbabwe; Almaty, Kazakhstan and Kano and Port Harcourt, Nigeria, in addition to resuming flights to key markets in Europe, Africa, the Center East and Asia. The airline has repeatedly operated the biggest community amongst all airways within the Center East, measured by quantity or locations, in addition to weekly flights.

The Minister of State for Power and the President of the Qatar Airways Group, His Excellency Mr. Saad Bin Sharida Al-Kaabi, mentioned: “The Qatar Airways Group has demonstrated a strong position within the aviation sector and these monetary outcomes are a transparent indication of the power of the efficiency Group. In opposition to the challenges of the earlier interval, I’m happy with the outcomes achieved this 12 months and the best way during which the Group has responded shortly to those challenges. “

Qatar Airways Group Chief Government, His Excellency Akbar Al Baker, mentioned: “This 12 months the Qatar Airways Group is celebrating a quarter-century of historical past since its relaunch, whereas sustaining robust efficiency and rising profitability. Our Dedication in offering the very best selections to our passengers, sustaining the best ranges of security within the trade and incomes the belief have made us proudly turn into the airline of alternative for hundreds of thousands of vacationers around the globe. We’ve got pursued each enterprise alternative and haven’t left no stone unturned as we aimed to attain our objectives. “

“In 2021, we now have grown considerably to turn into the biggest world long-haul service on this planet in 2021 by RPKs. We additionally acquired the trade’s most prestigious “Airline of the 12 months” award for a record-breaking sixth time on the Skytrax World Airline Awards, in addition to recognition for the airline’s hub, Hamad Worldwide Airport, as “Greatest Airport. of the world “2021. The Qatar Airways Cargo Division additionally garnered three main trade awards, together with Cargo Operator of the 12 months on the ATW Airline Awards; Cargo Airline of the 12 months and Air Cargo Trade Achievement Award on the Air Cargo Week World Air Cargo Awards. These outcomes not solely spotlight our excellent model popularity, but additionally our excellent laborious work throughout all the Qatar Airways Group household. “

“I’m extraordinarily pleased with the selections we now have made to embrace effectivity and obtain robust price management throughout a number of operational departments whereas participating in environmental and sustainable initiatives. This has positioned us on the forefront of sustainability, together with environmental safety and social engagement. Our strategic investments in a various fleet of contemporary and gas environment friendly plane have helped us overcome the numerous challenges associated to capability constraints by balancing industrial wants as shortly as attainable. “

All year long, the Qatar Airways Group has maintained a wealthy portfolio of extremely profitable regional and world partnerships to assist the model around the globe, together with world sports activities golf equipment: Al Sadd SC, Boca Juniors, Brooklyn Nets, FC Bayern München and Paris Saint -Germain, the partnership with the South American Soccer Confederation (CONMEBOL) and FIFA. The group additionally continued to point out its unwavering dedication to giving again and supporting communities and charitable initiatives all through 2021/22. As well as, Qatar Airways Group is continually setting new milestones on environmental sustainability for the aviation trade and just lately launched its 2021 Sustainability Report to spotlight the Group’s key initiatives and dedication to the setting and sustainability.

In opposition to the backdrop of the disruption of the pandemic, Qatar Airways Cargo transported over 3 million tonnes of cargo by air and secured an 8% share within the world market. Cargo has additionally carried over 600 million doses of COVID-19 vaccines in the midst of the pandemic to this point and has additionally centered its efforts on bettering its famend pharmaceutical product and presence within the trade, whereas guaranteeing dedication to its revolutionary WeQare initiative, which consists of a collection of optimistic and impactful actions within the type of chapters based mostly on the elemental pillars of sustainability: setting, society, financial system and tradition.

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