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Qatar Airways earned $1.2 billion in revenue thanks to the World Cup.

Strong demand for leisure travel and events like the World Cup provided international airlines a boost this year, with some reporting record earnings.

Aer Lingus and British Airways are part of International Airlines Group, which on Thursday reported a record profit of roughly $1.4 billion for the first half of the year. IAG CEO Luis Gallego said in a statement that the company aims to restore capacity to levels seen before the outbreak.

As much as 80% of passenger revenue for the third quarter is already booked, demonstrating that demand is high across the Group, especially for leisure travel. He also noted that the airlines have made preparations to ensure smooth operations throughout the summer peak season.

At the same time, “despite the inflationary context,” AirFrance-KLM Group posted second-quarter revenue of nearly $8 billion.

KLM CEO Benjamin Smith released a statement in which he expressed his delight at the improved conditions at airports worldwide. The 2024 Summer Olympics and Paralympics will be held in France, and Air France is a proud partner of these events.

Qatar Airways’ recent success suggests that AirFrance-KLM will reap benefits from the 2024 Olympics.

As a result of December’s FIFA World Cup, Qatar Airways was able to declare a $1.2 billion profit for the previous fiscal year.

Concerns were raised before the controversial competition about whether or not the country of three million people had the necessary facilities to organize an international event of this kind. However, after winning the bid, Qatar spent almost $220 billion on infrastructure upgrades and housing construction to prepare for the influx of visitors. According to FIFA, ticket sales for the first round of the competition topped 3 million, proving the effort to be a success.

According to the company’s report, Qatar Airways operated about 140,000 flights in order to transport over 1.4 million passengers to Qatar for the 2022 World Cup.

The Group’s CEO, Akbar Al Baker, noted that a 100% rise in passenger revenues over the previous year was the primary factor in the company’s improved profitability. Our team increased passenger volume by 71 percent to 31.7 million in 2018, establishing us as the airline of choice for millions of people around the world.

But some authorities in the tourism sector warn that this explosive expansion may not be sustainable. This week, Europe’s largest airline by passenger count, Ryanair, expressed concern that rising interest rates and inflation could reduce the number of people flying in the fall and winter.

Ryanair’s CEO Michael O’Leary said in a video broadcast to the company’s website that despite the $735 million profit reported for the second quarter, the airline is “concerned about the impact of these macroeconomic trends.”

He also mentioned that in order to reach their lofty passenger growth goals, the airline could have to lower ticket pricing. However, big airlines don’t appear to be having trouble filling seats at the time, with IAG stating that 84% of its available seats were full and AirFrance-KLM reporting that 87% of its available seats were filled.

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