Qatar Airways records 10 percent sales revenue growth

Published April 28th, 2003 - 03:00 GMT

Qatar Airways carried more than 2.5 million passengers during its financial year ending March 31, 2003. The airline's sales revenue produced 10 percent increase on its annual target. Cargo revenues also performed well, producing 12 percent growth on forecasts.

In the past financial year, Qatar Airways also significantly expanded its route network to 40 destinations."We also made a large investment in new aircraft," explained Qatar Airways' Chief Executive Officer, Akbar Al-Baker. "At the start of last year we were operating 12 aircraft. We now have a fleet of 23, which will grow to 28 by the end of this year."

Qatar Airways recently announced the delivery of a new A330-200 and A320-200. It will shortly take delivery of a long-range A319 corporate jetliner and is one of the launch customers for the A380 ‘super jumbo' scheduled for delivery in 2007.

Qatar Airways also operates a number of subsidiary companies, including Qatar Aviation Services, Qatar Aviation Catering Company, Qatar Airways Holidays, Doha International Airport and Qatar Duty Free. — (menareport.com)