Reported 12 months ago
Qatar Airways announced a 39% rise in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) with revenue increasing by 6% to 81 billion riyals for the year ending in March. The government-owned airline attributed its success to a strategic focus on profitability, efficiency, customer experience, network growth, and fleet expansion. Despite rebounding demand post-pandemic, airlines face constraints due to supply chain disruptions and Boeing's safety crisis, prompting Qatar Airways to engage in discussions with Airbus and Boeing to address delivery delays and potential wide-body orders, as well as potential stake acquisition in Virgin Australia.
Source: YAHOO