Qatar Airways Bounces Back From Pandemic With Record Revenues And Profits

Qatar Airways Bounces Back From Pandemic With Record Revenues And Profits

A Qatar Airways Boeing 787-8 Dreamliner at Cardiff Airport, UK on January 18, 2020 (Photo: Matthew ... [+] Horwood/Getty Images) Qatar Airways has reported a sharp uptick in annual revenues to QR52. 3 billion ($14. 4 billion), as it continues to rebuild passenger numbers and capacity after the crisis caused by the Covid-19 pandemic. The figure for the year to March 31, 2022 marks a 78% rise on the year before and is also slightly higher than the QR51. 1 billion figure it recorded in 2019/20. The results offer further confirmation of the healthy pace of recovery by Middle East airlines, following upbeat results from the likes of FlyDubai, Turkish Airlines and Air Arabia in recent weeks. Qatar Airways carried some 18. 5 million passengers during the year – almost four times as many as in 2020/21, but still 43% below the pre-pandemic peak or 32. 3 million. There has been a similar story in other elements of the business, including in passenger capacity and staff numbers. Available seat kilometres (a standard industry metric which measures the number of passengers an airline can carry) reached 160 billion in 2021/22, up 71% year-on-year but still far below the pre-Covid peak of