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Qatar Airways has just revealed in a statement to have completed the highest fiscal year in its history<\/strong>, profit even \u201c200% higher than its highest annual profit<\/em>\u201d and the largest in 25 years, says moreover the latter.<\/p>\n <\/p>\n \u201cThis figure represents not only a record for the Qatar Airways group, but also a record among all other airlines that have published their financial results for this fiscal year in the world<\/em>,\u201d the report said.<\/p>\n <\/p>\n In more detail, throughout the 2021-2022 fiscal year, Qatar Airways carried 18.5 million passengers <\/strong>on board to 140 destinations, which represents an exponential increase of 218%<\/strong> over the previous fiscal year. In addition, revenue per passenger<\/strong> also increased, by 210%<\/strong> compared to last year.<\/p>\n <\/p>\n Total revenue for the period from April 1, 2021 to March 31, 2022 was $14.4 billion<\/strong>, or \u20ac13.8 billion<\/strong>, an increase of 78%<\/strong> over the same period last year. This increase also beat pre-covid results, up 2% from fiscal 2019-2020.<\/p>\n <\/p>\n \u201cThese record profits are the result of decisions taken during the pandemic to expand Qatar Airways’ passenger and cargo networks, with a clearer outlook on the recovery of the global market<\/em>,\u201d the company boasts.<\/p>\n <\/p>\n Indeed, the company recorded an annual loss of \u20ac3.5 billion as of March 31, 2021<\/strong> due to the pandemic and the freezing of airlines, which had to cope with the fall in global air traffic. However, thanks to a \u20ac2.5 billion aid from the Qatari government, the company was able to recover and end the year with record results.<\/p>\n <\/p>\n These results should continue to rise throughout 2022, with global tourism on the rise since spring 2022.<\/p>\n <\/p>\n <\/p>\n