The state-owned carrier reported revenues of $23.4 billion (€21.53bn) overall in the results, up from $22.1 billion (€20.33bn) the year before. Its fiscal year profits in the prior reporting period were $1.6 billion (€1.47bn).“These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group," group CEO, Badr Mohammed al-Meer, said in a statement.Qatar Airways, along with Abu Dhabi-based Emirates and Dubai's Emirates, are long-haul carriers that link East-West travel. Their location on the Arabian Peninsula between Europe and Asia have made them a key link in global transit. Qatar Airways also got a boost when the small, energy-rich nation hosted soccer's 2022 FIFA World Cup.Qatar Airways reported carrying 43.1 million passengers, up from the prior financial year's 40 million. Its fleet includes over 230 aircraft, which is a mix of Airbus and Boeing long-haul and medium-range planes.The Qatar Airways Group includes the airline, its cargo service, the country's airport operator and Qatar Duty Free. Its financial year runs from 1 April to 31 March.The announcement follows long-haul carrier Emirates earlier this month saying that it earned annual profits of $5.2 billion (€4.78bn), with the state-owned firm declaring itself the world’s most profitable airline.