Doha-based Qatar Airways Group recorded a net profit of QR1.62 billion ($445 million) for its 2016 fiscal year ended March 31, 2016, more than quadrupling its net profit of QR373 million in FY2015. Qatar’s net profit margin for FY2016 was 4.5%, up 3.4 points from the previous year. Qatar’s revenue for the period was QR35.17 billion, up 3.8% from QR33.87 billion in FY2015. Operating expenses fell 1.5% year-over-year (YOY) to QR32.59 billion, “despite [our] significant ...

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