$22.2 billion in revenue: Qatar records best financial performance in its 27-year history
The fiscal year 2023-2024 was undoubtedly positive for Qatar Airways: revenue of $22.2 billion and $1.7 billion [...]
Qatar Airways
Oneworld
The fiscal year 2023-2024 was undoubtedly a positive one for Qatar Airways: a turnover of 22.2 billion dollars e 1.7 billion profit (+39% compared with the previous fiscal year).Â
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Not only that, with more than 40 million passengers carried (up 26% from the previous year), traveler revenue increased 19%; the company also achieved a load factor (the system that tracks the percentage of seats occupied on flights) of 83%, the highest figure ever achieved by Qatar. In short, numbers in hand for Qatar this is The best financial performance recorded in its 27-year history.
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Excellent results, then, were achieved with the loyalty program: compared with the previous year, there was a 26% increase in Privilege Club membership.Â
Qatar Airways' network has grown and offers. over 170 destinations in 2023/24, adding Al Ula, Neom and Tabuk, in Saudi Arabia; Lyon and Toulouse, in France; Medan, in Indonesia; and Trabzon, in Turkey later this year. In addition to this, as it is known, operations to 14 destinations have resumed, including Bahrain; Birmingham (UK); Beijing, Chengdu and Chongqing (China); Davao (Philippines); Tokyo Haneda and Osaka (Japan); Marrakesh (Morocco); Nice (France); Penang (Malaysia); Phnom Penh (Cambodia), Ras Al Khaimah (UAE); Venice (Italy) and Yanbu (Saudi Arabia).
A evidently excellent result which, Qatar says, reflects the company's continued focus as much on the customer experience as on innovation, digitization and sustainability.