Editor's Review

Qatar Airways carried 31.7 million passengers, an increase of 71 percent over last year. 

The Qatar Airways Group has reported a net profit of US$ 1.21 billion during the fiscal year 2022/23. The Overall revenue increased to US$ 21.0 billion, up 45 percent compared to last year.

Passenger revenue increased by 100 percent over last year, on a capacity increase of 31 percent driven by nine percent higher yields and a load factor of 80 percent – both highest in the airline’s history, resulting in a sustainable increase in market share.

Qatar Airways carried 31.7 million passengers, an increase of 71 percent over last year. The continued focus on customer experience, loyalty, digitalization, and sustainability has placed Qatar Airways on a strong platform for the future.

The airline credits the positive results to its successful strategy during an extraordinary year for the Group as FIFA’s Official Partner and Official Airline of the FIFA World Cup Qatar 2022™.

Speaking on the performance, Qatar Airways Group Chairman Mr. Saad Bin Sharida Al-Kaabi, said: “Qatar’s transportation sector is an emblem of its interconnectivity, connecting people from around the world and increasing business connections throughout the region." 

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Qatar Airways plane. 

Privilege Club, the Qatar Airways loyalty programme, also witnessed significant growth in numerous new global and local partnerships, and enhanced proposition and revenues supported by the adoption of Avios as its currency.

Club members now have the ability to access Qatar Airways Group using the Avios currency for payment in Qatar Duty Free, Discover Qatar, and Qatar Holidays, in addition to the existing list of leading global brands.

Qatar Airways Cargo maintained its position as the world’s leading air cargo carrier throughout the 2022/23 financial year, forging ahead with a strategic focus on growth, sustainability, digitalization, and supporting the continuity of global trade despite ongoing market challenges.

The Group generated a strong EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) of 23 per cent US$ 4.9 billion. EBITDA was higher than the previous year by US$ 30.2 million due to streamlined, agile, and fit-for-purpose operations across all business areas.