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Qatar Airways posts profits leap as it marks anniversary

Air
Gary Noakes
12 June 2017

Qatar Airways has reported pre-tax profits up almost 22%, claiming an “outstanding” year in 2016/17, its 20th anniversary.

Qatar Airways will put "at least" five A380s back into service during the peak winter season

Audited figures show the carrier made £424.4 million for the year to the end of March 2017, compared with £348.8 million in the previous 12 months. The 21.7% increase follows a 10.4% rise in revenue to £8.37 billion.

The airline also marked major expansion last year, increasing Available Seat Kilometres (the number of available seats multiplied by the number of miles flown) by nearly 22%.

The carrier’s group chief executive Akbar Al Baker said: “Our annual results once again reflect the success of our expansion and growth strategy that has seen the Qatar Airways Group grow from a small regional airline into an aviation powerhouse over the last two decades.”