Earnings

Qatar Airways reports record revenues, bolstered by FIFA World Cup

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Qatar Airways logo is seen on a plane model.

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Qatar Airways announced record annual revenue Thursday after the company’s finances were bolstered by the FIFA World Cup, which was hosted in Qatar last year.

Qatar Airways Group reported that passenger revenue was up 100% during its fiscal year 2022/23, with overall revenue up to 76.3 billion Qatari riyals ($21 billion).

A total of 31.7 million passengers flew with Qatar’s flagship carrier in the last year, which was up 71% compared to the previous year.

The World Cup provided a considerable boost to Qatar’s passenger figures, with the airline transporting 1.4 million passengers to the event. The carrier was…



Source cnbc.com

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