Qatar Airways' operating profit FY 2015-2024

In financial year 2023/2024, the operating profit of Qatar Airways amounted to approximately 13.4 billion Qatari riyals. This shows signs of recovery after travel bans and restrictions amid the COVID-19 outbreak left the airline operating at a loss from 2018 to 2021. 

Qatar Airways

Within nearly 30 years since its establishment in 1993, Qatar Airways, the flag carrier of Qatar, has grown to be one of the world’s top airlines. As of April 2022, Qatar Airways’ network covered almost 150 destinations and operated around 250 aircrafts. In 2021, the airline welcomed just over 5.8 million passengers on board. The total assets of Qatar Airways amounted to over 140 billion Qatari riyals in the 2021 fiscal year, whereas the revenue that year totaled just under 30 billion. Prior to the pandemic, Qatar Airways’ annual revenue reached a record high of 51 billion riyals in 2019.

Qatar’s tourism industry

The first two years of the coronavirus epidemic remained grim for the tourism industry in Qatar as the country’s borders remained closed for more than a year, which caused a drop in the number of tourists. However, Qatar has already reopened its borders to fully vaccinated tourists. The FIFA World Cup 2022 hosted by Qatar would also create a golden opportunity for the revival of the country’s post-COVID tourism industry, especially outbound tourism. The tournament is expected attract over one million from November to December 2022.