Qatar Group reports net profit of $1.21bn in FY 2022-23

Qatar Airways Group reported a net profit of $1.21 bn during the fiscal year 2022-23 riding high on the huge traffic influx during the FIFA World Cup. The Group reported an overall increase of 45% in revenue to close at $21bn. Passenger revenue was up by 100% over last year, on a capacity increase of 31% driven by 9% higher yields and a load factor of 80%, highest in the airline’s history, resulting in a sustainable increase in market share, the airline said in its statement. The airline it ferried 31.7 million passengers during the period, an increase of 71%