DUBAI, July 2 (Reuters) - Qatar Airways posted a 39%
jump in annual net profit to a record 6.1 billion Qatari riyals
($1.67 billion) on Tuesday.
Revenue grew by 6% to 81 billion riyals in the year ended
March 31, the government-owned airline said.
It carried more than 40 million passengers and recorded a
load factor of 83%.
"Our continued focus on profitability, efficiency and
customer experience have been underpinned by a strategic
programme of network growth and fleet expansion, resulting in
the highest revenues and profit margins in the history of the
airline", CEO Badr Mohammed Al-Meer was quoted as saying in a
statement from the airline.
Demand for air travel has rebounded since the pandemic, but
airlines have been constrained as planemakers struggle to get
back to previous production levels due to disrupted supply
chains and a safety crisis at Boeing ( BA ).
In May, Al-Meer said aircraft manufacturers like Airbus
and Boeing ( BA ) needed to put more pressure on their
suppliers to reduce delivery delays.
The airline last month announced it was in talks with the
two planemakers regarding a major wide-body order.
The carrier is also in talks to buy a stake of up to 20% in
Bain Capital-owned Virgin Australia, according to a report last
week.
($1 = 3.6445 Qatar riyals)