Qatar Airways posts $1.2 bn profit over FY23 when it hosted FIFA World Cup
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country’s hosting of the 2022 FIFA World Cup.
Qatar Airways, like other carriers in Gulf Arab nations, relies on the country’s location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
Those figures stand in contrast to the USD 4.1 billion loss it suffered in the 2021 fiscal year amid the coronavirus pandemic and the grounding of its fleet.
