Qatar Air claims social media lead

BTN News
Wednesday, 03 July 2024

Qatar Airways Group has reported the strongest financial performance in its 27-year history, confirming record profits of QAR6.1 billion (US$1.7 billion) for the 2023/24 financial year.


With a total revenue of QAR81 billion (US$22.2 billion), representing an increase of QAR4.7 billion (US$1.3 billion) – up six per cent compared to last year.

The Group generated a strong EBITDA margin of 24 per cent at QAR19.1 billion (US$5.2 billion), around QAR1.2 billion (US$0.3 billion) higher than the previous year.

The Group’s airline business carried more than 40 million passengers during the 2023/24 fiscal, an increase of 26 per cent over the previous year.

As a result, passenger revenue increased by 19 per cent, with a capacity increase of 21 per cent driven by the airline’s highest-ever load factor of 83 per cent.

As it celebrates its milestone 20th year of operation in 2024, Qatar Airways Cargo increased cargo’s market share to 7.1 per cent in 2023/24, up by 0.04 per cent compared to previous financial year.

The carrier's network grew to more than 170 destinations in 2023/24, adding Al Ula, Neom and Tabuk in Saudi Arabia; Lyon and Toulouse, France; Medan, Indonesia and Trabzon, Turkey during the year.

This is in addition to the resumption of operations to 14 destinations including Bahrain, Bahrain; Birmingham, UK; Beijing, Chengdu and Chongqing, China; Davao, Philippines; Tokyo Haneda and Osaka, Japan; Marrakesh, Morocco; Nice, France; Penang, Malaysia; Phnom Penh, Cambodia, Ras Al Khaimah, UAE; and Yanbu, Saudi Arabia.

The brand also solidified its leadership position in the social media landscape during 2023/24. As a result, the Group is now the world’s number one airline across social channels – with more than 47 million combined followers, and claims to be the number one followed airline in the world on Facebook, YouTube and TikTok.

Qatar Air claims social media lead

BTN News
Wednesday, 03 July 2024

Qatar Airways Group has reported the strongest financial performance in its 27-year history, confirming record profits of QAR6.1 billion (US$1.7 billion) for the 2023/24 financial year.


With a total revenue of QAR81 billion (US$22.2 billion), representing an increase of QAR4.7 billion (US$1.3 billion) – up six per cent compared to last year.

The Group generated a strong EBITDA margin of 24 per cent at QAR19.1 billion (US$5.2 billion), around QAR1.2 billion (US$0.3 billion) higher than the previous year.

The Group’s airline business carried more than 40 million passengers during the 2023/24 fiscal, an increase of 26 per cent over the previous year.

As a result, passenger revenue increased by 19 per cent, with a capacity increase of 21 per cent driven by the airline’s highest-ever load factor of 83 per cent.

As it celebrates its milestone 20th year of operation in 2024, Qatar Airways Cargo increased cargo’s market share to 7.1 per cent in 2023/24, up by 0.04 per cent compared to previous financial year.

The carrier's network grew to more than 170 destinations in 2023/24, adding Al Ula, Neom and Tabuk in Saudi Arabia; Lyon and Toulouse, France; Medan, Indonesia and Trabzon, Turkey during the year.

This is in addition to the resumption of operations to 14 destinations including Bahrain, Bahrain; Birmingham, UK; Beijing, Chengdu and Chongqing, China; Davao, Philippines; Tokyo Haneda and Osaka, Japan; Marrakesh, Morocco; Nice, France; Penang, Malaysia; Phnom Penh, Cambodia, Ras Al Khaimah, UAE; and Yanbu, Saudi Arabia.

The brand also solidified its leadership position in the social media landscape during 2023/24. As a result, the Group is now the world’s number one airline across social channels – with more than 47 million combined followers, and claims to be the number one followed airline in the world on Facebook, YouTube and TikTok.