During the fiscal year 2022–2023, Qatar Airways announced revenues of $21.0 billion (QAR 76.3 billion), setting a record for the firm thanks to strong earnings and “an extraordinary year as FIFA’s Official Partner and Official Airline of the FIFA World Cup Qatar 2022.”
Exceptional results for Qatar Airways
A 45% rise over the prior year brought Qatar Airways’ total revenue for the fiscal year to $21.0 billion (QAR 76.3 billion). The Doha-based business achieved a gain in passenger revenue of 100% over the previous year, with capacity up 31% as a result of the highest yields and load factors in the airline’s history.
Over the course of the time, 31.7 million passengers were carried by Qatar Airways, an increase of 71% from the previous year. 1.4 million of these people were transported to Qatar for the FIFA World Cup 2022.
Qatar Airways’ network expanded to more than 160 locations in 2022–2023. Amritsar, India; Beijing, China; Denpasar, Indonesia; Geneva; London Gatwick; Luxor, Egypt; Nagpur, India; Perth; Qassim; Sarajevo, Bosnia and Herzegovina; Shanghai; Taif; and Windhoek, Namibia were among the thirteen destinations to which Qatar Airways resumed service during the year. It also introduced two new routes, one to Dusseldorf in Germany and the other to Santorini in Greece. The airline launched a new route this week that links Doha with Lyon.
What is said by the airline?
The outstanding financial results this year are related to the team’s ability to meet demand and the robust passenger demand recovery, according to Mr. Akbar Al Baker, Chief Executive of Qatar Airways Group. “We have maintained the high levels of trust, dependability, and confidence with our clients as the worldwide travel recovery from the COVID-19 pandemic continues. As a result, we continued to be the airline of choice for millions of travelers around the world, he continued.
According to Mr. Saad Bin Sharida Al Kaabi, Chairman of Qatar Airways Group, the nation’s transportation industry is a symbol of its interconnectedness because it links people all over the world and strengthens commercial ties in the region.
The most recent Qatar Airways developments
The fleet of 260 aircraft operated by Qatar Airways as of July 2023 will grow by 191 more aircraft over the following few years. According to ch-aviation, the Doha-based carrier’s fleet consists of over 40 Dreamliners (between -8s and -9s), 57 Boeing 777-300ERs, and 10 Airbus A380s.
Regarding the A380, Qatar Airways’ CEO recently informed Simple Flying that the airline will once more ground the super jumbos as it receives new A350-900 aircraft. To learn more about that, click here.
After a protracted dispute with Airbus, Qatar Airways anticipates receiving 50 new Airbus A321neos, 20 A350-1000s, 25 Boeing 737 MAX 10s, two 777-200Fs, one 777-300ER, 34 Boeing 777-8Fs, 40 B777-9s, and 19 Boeing 787-9s in the future. However, the airline has been quite critical of the supply chain issues that have caused delays in new plane delivery. He stated, “I am not pleased at all because there is a lot of pressure on the supply chain,” in a short roundtable discussion with Qatar’s CEO at the Paris Air Show.
The supply chains of all the aircraft manufacturers were seriously damaged, in my opinion, by the COVID epidemic, and I don’t see any signs that they will ever recover to their pre-COVID levels anytime soon.
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SOURCE: http://simpleflying.com
