Qatar Airways Group Reports Record Profit

The Group generated sturdy EBITDA Margin of 34% at QAR 17.7 billion (US$ 4.9 billion). EBITDA was larger than
the earlier yr by QAR 11.8 billion (US$ 3.2 billion) because of
streamlined, agile and fit-for-purpose operations throughout all
enterprise areas.

Despite the challenges of COVID19, the nationwide
provider of the State of Qatar grew to greater than 140 locations
in 2021/22, opening new routes together with Abidjan, Côte d’Ivoire;
Lusaka, Zambia; Harare, Zimbabwe; Almaty, Kazakhstan and Kano and
Port Harcourt, Nigeria along with resuming flights to key
markets throughout Europe, Africa, the Middle East and Asia.

“This yr Qatar Airways
Group celebrates 1 / 4 of a century of historical past since its relaunch, while sustaining sturdy efficiency and rising
profitability. Our dedication to offering the best selections to
our passengers, sustaining the best ranges of security within the
trade and incomes belief have made us proudly turn into the airline
of selection for thousands and thousands of travellers world wide. We have
pursued each enterprise alternative and left no stone unturned as
we aimed to fulfill our targets,” mentioned Akbar Al Baker, Qatar Airways
Group Chief Executive. “In 2021, we grew considerably to turn into
the world’s largest world long-haul provider in 2021 by RPKs … I’m extraordinarily pleased with the choices now we have
made to embrace effectivity and obtain sturdy price management throughout
a number of operational departments while participating in environmental
and sustainable initiatives. This has positioned us on the
forefront within the discipline of sustainability, together with environmental
safety and social dedication. Our strategic investments in a
diverse fleet of recent, fuel-efficient plane has helped us
overcome the numerous challenges associated to capability
constraints whereas balancing business wants as swiftly as
doable.”

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