Qatar Airways reported a record $1.7 billion net profit following an annual increase of 39 per cent聽on last year, the airline said in a statement on Tuesday.
The state-owned Qatari national carrier's revenue also increased by $1.3 billion, up six per cent on the previous year.
鈥楾he group reports the strongest financial performance in its 27-year history,鈥� 聽Qatar Airways said.
The airline added that it had carried more than 40 million passengers 鈥�- an increase of 26 per cent over the previous year -- which it attributed to a 鈥榬ebound from the recent challenges facing the global travel industry鈥�.
After posting record profits in 2022 despite the fallout of the Covid-19 pandemic, which devastated the industry, Qatar Airways last year reported an annual drop despite flying fans to the World Cup hosted in the Gulf emirate.
鈥楾hese 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,鈥� Chief Executive Badr Mohammed Al-Meer said in a statement.聽
鈥極ur continued focus on profitability, efficiency and customer experience have been underpinned by a strategic programme of network growth and fleet expansion, resulting in the highest revenues and profit margins in the history of the airline,鈥� Al-Meer added.