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World Cup fever lifts Qatar Airways revenue to record high



© Reuters. FILE PHOTO: Soccer Football – FIFA World Cup Qatar 2022 Preview – Hamad International Airport, Doha, Qatar – November 10, 2022 A Qatar World Cup promotion is seen with a Qatar Airways aeroplane in flight at Hamad International Airport ahead of the World C

DUBAI (Reuters) – Qatar Airways late on Wednesday reported a record annual revenue of 76.3 billion riyals ($21 billion), underpinned by higher customer base after the Doha-based carrier hosted the FIFA World Cup as its official partner and airline.

Net profit for the fiscal year 2022-2023 stood at 4.4 billion riyals ($1.21 billion), the company said in a statement, when the airlines carried 31.7 million passengers, a 71% jump year-on-year.

The airline recorded a load factor of 80% and yields, both the highest in the company’s history.

During the World Cup, Qatar Airways operated about 14,000 flights bringing in more than 1.4 million fans to the Arab country.



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