Qatar Airways Group has reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1b ($1.7b) in its annual report for the 2023/24 financial year.
Qatar Airways Group has reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1b in its annual report for the 2023/24 financial year.
The group generated a strong EBITDA margin of 24 per cent at QAR19.1b around QAR1.2b higher than the previous year, reflecting the business’s continued focus on customer experience, innovation, digitalisation and sustainability, resulting in streamlined, agile and fit-for-purpose operations across all areas.
As a result, passenger revenue increased by 19 per cent, with a capacity increase of 21 per cent driven by the airline’s highest-ever load factor of 83 per cent, offering a sustainable upsurge in market share. Qatar Airways Group Chief Executive Officer, Badr Mohammed Al-Meer, said: “These very strong financials are a testament to the ambition and clear direction that has informed the Qatar Airways Group’s progress throughout the 2023/24 financial year.
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