Qatar Airways net profit up 21.7%
Qatar Airways reported a net profit increase of just under 22% for the financial year to end March as it continued its rapid expansion. Net profit rose to QAR1.97b riyals (US$537.6m) from QAR1.62b the previous year. Group revenue was up 10.4% at QAR39.4b, with operating expenses of QAR37.3b, up from QAR32.67b. The airline carried 32m passengers in the 12 months, a 20% increase from FY16. Available seat km capacity rose by 21.8%. During the year, Qatar Air added 10 destinations and expanded its fleet to 196 aircraft. It increased its stake in British Airways and Iberia parent IAG to just over 20%, and bought 10% of LATAM Airlines Group. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-14/oneworld/qatar-airways-net-profit-up-21-7
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Qatar Airways net profit up 21.7%
Qatar Airways reported a net profit increase of just under 22% for the financial year to end March as it continued its rapid expansion. Net profit rose to QAR1.97b riyals (US$537.6m) from QAR1.62b the previous year. Group revenue was up 10.4% at QAR39.4b, with operating expenses of QAR37.3b, up from QAR32.67b. The airline carried 32m passengers in the 12 months, a 20% increase from FY16. Available seat km capacity rose by 21.8%. During the year, Qatar Air added 10 destinations and expanded its fleet to 196 aircraft. It increased its stake in British Airways and Iberia parent IAG to just over 20%, and bought 10% of LATAM Airlines Group. <br/>
