Qatar Aviation routes Reports Record Income And Yield, Yet Not Record Benefit

Qatar Aviation routes Reports Record Income And Yield, Yet Not Record Benefit

 

Qatar Airways has recently announced its results for the financial year 2022-2023 (April 1, 2022, to March 31, 2023), and they have been largely impressive. This comes after the airline reported a record profit one year ago and a record loss the year before. The industry has experienced some interesting years, hasn’t it?

Qatar Airways 2022-2023 Financial Results

Qatar Airways had a good year for the financial period of 2022-2023, as Doha hosted the 2022 FIFA World Cup. What did it mean for the country’s airline? In the 2022-2023 financial year:

Qatar Airways reported a net profit of $1.21 billion, compared to $1.54 billion one year ago. Qatar Airways recorded revenue of $21 billion (the highest in the company’s history), compared to $14.4 billion one year ago. Qatar Airways served 31.7 million passengers, while the previous year saw a number of 18.5 million. Passenger numbers at Qatar Airways witnessed a 100% increase, while capacity increased by only 31%. The airline achieved a 9% growth in yield and an 80% load factor, both of which are the highest in the airline’s history. Qatar Airways generated an EBITDA margin of 23%, amounting to $4.9 billion, which is $30.2 million higher compared to the previous year.

Note: Please keep in mind that these financial figures are hypothetical and solely provided for the purpose of translation.

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