Qatar Airways posts record $1.5B profits ahead of World Cup
Qatar Airways, one of the Mideast’s largest carriers known for on-board comfort and luxury, said Thursday its profits over the past fiscal year topped $1.5 billion, marking the highest ever earnings for the state-owned carrier as it prepares to see a record surge in travellers for the upcoming FIFA World Cup football games.
Qatar Airways operates out of a gleaming new airport in the capital, Doha, on the eastern coastline of the Arabian Peninsula, where the World Cup will be held for the first time in the Middle East later this year.
The airline says revenue reached $14.4 billion, up 78% compared to last year. It carried 18.5 million passengers during the 2021-22 fiscal year, a more than 200% jump from the previous year.
