Qatar Airways Reports $1.026 Billion H1 2023/2024 Net Profit
Qatar Airways Group today reports a strong financial performance for the first half of 2023/2024 with a net profit of QAR 3.736 billion ($1.026 billion), which represents an increase of 113.8% compared to the same period last year 2022/2023.
Qatar Airways total passenger count for the first six months ending September-2023 increased to 19.078 million, representing an increase of 22.5% compared to the same period last year.
A key component of the commercial success of the business has been delivered through innovative partnerships within oneworld and through other global strategic alliances in Australasia, Europe and China in particular.
Fleet expansion and loyalty programs are pivotal to growth and Qatar Airways Group has around 150 aircraft on order to fulfil this increasing demand for passenger and freighter traffic.
Operational efficiencies, innovation programs and staff development have all additionally contributed to these results.