Qatar Airways posted record annual revenue for the fiscal year 2022/23, driven by the FIFA World Cup held in Qatar the previous year. The airline reported a 100% increase in passenger revenue, amounting to 76.3 billion Qatari riyals ($21 billion). The number of passengers rose by 71% compared to the previous year, with 31.7 million people flying with Qatar Airways. The airline played a significant role in transporting 1.4 million passengers to the World Cup as the official carrier of the tournament. These results align with the broader recovery in the global airline industry, following the turbulence caused by the COVID-19 pandemic. In September 2020, Qatar Airways received a $1.95 billion government bailout due to substantial losses caused by the pandemic. The airline made necessary cost-cutting measures and postponed aircraft deliveries.
