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.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of July, covering the latest developments you need to know.
President Donald Trump said the United States will target Iran’s heavily fortified Pickaxe Mountain site “pretty soon” as he meets with Lebanese president Michel Aoun. Meanwhile, U.S. forces carried out a 10th consecutive night of strikes on Iran while Tehran continues to target Gulf countries.
The United States has bombed Iran for an 11th consecutive night as the Pentagon says the war’s cost reach $37.5 billion. President Donald Trump threatens a heavy strike on the suspected Pickaxe Mountain nuclear site. Tehran warns that any attack could trigger a wider regional escalation.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
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