Qatar Airways has achieved its highest-ever annual profit of $2.15 billion, driven by record passenger numbers as global aviation continues to recover from the pandemic.
Qatar Airways Group announced a record $2.15 billion profit for the latest fiscal year, marking its highest earnings to date. The state-owned airline also reported a revenue increase to $23.4 billion up from $22.1 billion the previous year.
Passenger numbers surged to 43.1 million, an increase from 40 million in the prior fiscal year, bolstered by Qatar's role as the host of the 2022 FIFA World Cup. The airline operates a fleet of over 230 aircraft, comprising both Airbus and Boeing models.
Group CEO Badr Mohammed al-Meer credited the record-breaking results to the dedication and expertise of the team. The broader Qatar Airways Group, encompassing its cargo services, airport operations, and duty-free services, has become a key player in global aviation, alongside regional competitors Emirates and Abu Dhabi-based Etihad Airways.
The Netherlands has become the first NATO member to commit funds under a new military financing plan for Ukraine, pledging €500 million (around $578...
A wildfire in California has burned more than 26,000 hectares across Santa Barbara and San Luis Obispo counties, with only 3% containment as of Monday...
The U.S. Justice Department has opened a grand jury investigation into claims that former officials fabricated links between President Donald Trump an...
Brazil’s Supreme Court has ordered former President Jair Bolsonaro to be placed under house arrest over allegations he attempted to overturn the 202...
Eight people, including an Irish missionary and a 3-year-old child, are missing after armed men stormed a well-known orphanage near Haiti’s capital,...
The Netherlands has become the first NATO member to commit funds under a new military financing plan for Ukraine, pledging €500 million (around $578 million) to support Kyiv’s defence needs.
A wildfire in California has burned more than 26,000 hectares across Santa Barbara and San Luis Obispo counties, with only 3% containment as of Monday, according to state fire officials.
The U.S. Justice Department has opened a grand jury investigation into claims that former officials fabricated links between President Donald Trump and Russia.
Brazil’s Supreme Court has ordered former President Jair Bolsonaro to be placed under house arrest over allegations he attempted to overturn the 2022 election results.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment