Qatar Executive Thrives In Competitive Market, Reports 17 Percent Increase In Charter Revenue

Tuesday, July 9, 2024 Qatar Airways Cargo leads as top global air cargo carrier in 2024, while Qatar Executive sees strong growth in a competitive market. The organization has declared its best financial results in 27 years, achieving a record total revenue of QAR 81 billion (US$22.2 billion) and a year-over-year profit increase of 39%.

Revenue saw a rise of QAR 4.7 billion (US$1.3 billion), an uptick of six percent, significantly boosting the organization’s EBITDA, which climbed by QAR 1.

2 billion (US$0.3 billion). Passenger numbers for Qatar Airways soared to over 40 million, marking a 26% jump from the previous year, as the airline continues to recover from recent global industry setbacks.

From its headquarters in Doha, Qatar, the Qatar Airways Group announced a record-breaking financial year for 2023/24, posting unprecedented profits of QAR 6.1 billion (US$1.7 billion).

This landmark year witnessed net earnings reaching QAR 6.1 billion (US$1.7 billion) and a revenue spike to QAR 81 billion (US$22.

2 billion), up by QAR 4.7 billion (US$1.3 billion) or six percent from the prior year.

The Group’s EBITDA margin stood strong at 24%, reaching QAR 19.1 billion (US$5.2 billion), which was QAR 1.

2 billion (US$0.3 billion) above last year. This reflects the company’s robust emphasis on enhancing customer service, advancing innovation, pushing digitalization, and focusing on sustainable practices, which have optimized operations throughout the organization.

These strategies ha.