{"id":8842,"date":"2022-06-17T14:32:37","date_gmt":"2022-06-17T14:32:37","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic"},"modified":"2022-06-17T16:58:52","modified_gmt":"2022-06-17T16:58:52","slug":"qatar-airways-posts-record-1-54-bn-profit-despite-pandemic","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic","title":{"rendered":"Qatar Airways posts record $1.54 bn profit despite pandemic"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a “successful strategy” during the coronavirus pandemic.<\/b>
\nThe state-owned airline said the profit result was “200 percent above its highest annual historical profit” and achieved on the back of $14.4 billion in overall income.<\/p>\n

It said that the revenue figure was “a remarkable two percent higher than the full financial year pre-Covid” in 2019-2020.<\/p>\n

Gas-rich Qatar is among several governments that stepped in to support their national carriers through the coronavirus shutdown, which pummelled global travel and the aviation industry.<\/p>\n

Qatar<\/b><\/p>\n

Airways, the Middle East’s second biggest airline after Emirates, had reported in September last year an overall loss of $4.1 billion in the 2020-2021 financial year.<\/p>\n

The flag carrier said at the time that it had received $3 billion in state aid to weather the coronavirus travel downturn and to offset the losses blamed on the cost of grounding aircraft.<\/p>\n

Its chief executive, Akbar Al Baker, praised the “strength, resilience, and commitment” of Qatar Airways Group in the past year.<\/p>\n

“In the most difficult period ever in the global airline industry, the airline credits its positive results to its agility and successful strategy,” the airline said in a statement.<\/p>\n

Qatar<\/b><\/p>\n

Airways said it “continued to focus on customer needs and evolving market opportunities, as well as efficiency and the commitment of its worldwide employees”.<\/p>\n

“This profit is not only a record for Qatar Airways Group, but also a record among all other airlines that have published financial results for this financial year worldwide,” the airline said.<\/p>\n

– New routes –<\/b><\/p>\n

The Qatari airline said it carried 18.5 million passengers in 2021-2022, an increase of 218 percent over the previous 12-month period.<\/p>\n

It said its cargo division remained the “leading player in the world”, with growth of 25 percent in revenues and an identical figure for cargo capacity.<\/p>\n

“Against the backdrop of the pandemic disruption, Qatar Airways Cargo transported more than three million tonnes of air freight and securing eight percent share in the global market,” it said.<\/p>\n

The airline said it had also “transported more than 600 million doses of Covid-19 vaccines over the course of the pandemic to date”.<\/p>\n

“Despite the challenges of Covid-19, the national carrier of the State of Qatar grew to more than 140 destinations” in 2021-2022, the airline added.<\/p>\n

New routes were opened to destinations across Africa, Asia, Europe and the Middle East, including Abidjan in the Ivory Coast, and Almaty, Kazakhstan.<\/p>\n

The carrier has maintained “strong performance and growing profitability,” Al Baker said.<\/p>\n

“We have pursued every business opportunity and left no stone unturned as we aimed to meet our targets,” he said.<\/p>\n

“Whilst our competitors grounded their aircraft and closed their routes, we adapted our entire commercial operation to respond to ever-evolving travel restrictions and never stopped flying, operating a network our passengers and customers could rely on,” he said.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a “successful strategy” during the coronavirus pandemic. The state-owned airline said the profit result was “200 percent above its highest annual historical profit” and achieved on the back of $14.4 […]<\/p>\n","protected":false},"author":84,"featured_media":8841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[233,237,880,234,326],"class_list":["post-8842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-aviation","tag-botswana","tag-qatar"],"yoast_head":"\nQatar Airways posts record $1.54 bn profit despite pandemic - Botswana<\/title>\n<meta name=\"description\" content=\"Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatar Airways posts record $1.54 bn profit despite pandemic\" \/>\n<meta property=\"og:description\" content=\"Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-17T14:32:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-17T16:58:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/postQueueImg_8-62acb28ba77a7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1081\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Qatar Airways posts record $1.54 bn profit despite pandemic\",\"datePublished\":\"2022-06-17T14:32:37+00:00\",\"dateModified\":\"2022-06-17T16:58:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\"},\"wordCount\":501,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/postQueueImg_8-62acb28ba77a7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"aviation\",\"Botswana\",\"Qatar\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/qatar-airways-posts-record-1-54-bn-profit-despite-pandemic\",\"name\":\"Qatar Airways posts record $1.54 bn profit despite pandemic - 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