Qatar Airways posts amazing profits of more than 3.0billions

Qatar Airways posts operating profit of QR3bn-plus in 2016. Qatar Airways has posted a “strong” financial performance in fiscal 2016, registering an operating profit of more than QR3bn, the best ever for the Doha-based airline. The carrier is celebrating a successful year of continued growth achieved in 2016 through strategic network, fleet and partnership expansions. At a time when a number of airlines are downsizing, Qatar Airways continued to see strong growth and inaugurated some 14 new destinations across its global network. It also welcomed as many as 19 new aircraft to its fleet, taking the count to 192, as well as placing a record aircraft order to power future growth.

Qatar Airways is celebrating a successful year of growth
Qatar Airways is celebrating a successful year of growth
Qatar Airways said it has made a number of strategic investments in other airlines and airline groups, while investing heavily in the continued evolution of its own passenger experience. Lauded for its success, Qatar Airways received a number of awards throughout the year, confirming it as one of the world’s leading carriers for business and leisure travel.  Qatar Airways has its eyes firmly set on the future, with the airline already announcing some 14 new destinations for 2017-18; adding Canberra (Australia); Dublin (Ireland); Las Vegas (US); Rio de Janeiro (Brazil); and Santiago (Chile) among others.
In its pursuit for excellence, the airline is also preparing to launch a revolutionary business class seat in the first quarter of 2017 – building on what is already one of the most awarded premium cabins in the industry. Qatar Airways is one of the “fastest” growing airlines in aviation history, with the carrier now serving more than 150 destinations following the inauguration of 14 new destinations in 2016 alone.  This year, the airline introduced “exciting” destinations such as Adelaide, Atlanta, Birmingham, Boston, Helsinki, Los Angeles, Marrakech, Pisa, Ras Al Khaimah, Sydney, Windhoek, Yerevan, Krabi (Thailand) and Mahe (Seychelles).
Qatar Airways Group chief executive Akbar al-Baker said, “I am extremely proud of the success that Qatar Airways has achieved together with our employees and partners in 2016. I would like to extend my sincere gratitude to all staff for their discipline and tireless pursuit for excellence. I would also like to extend my gratitude to our loyal passengers for their continued support. “Our passengers will see a continuation of our commitment to providing the very best travel experiences in the year to come. This past year has truly been an exceptional year and, and as we turn to 2017 to celebrate Qatar Airways 20th Anniversary, I look forward to celebrating future successes with our employees, partners and passengers in the years to come as we go places together.”
Sources: QGN, Gulf Agencies, AHLEN Royal Hospitality (Middle East Aviation Report of 2016).