Qatar Airways Group Reports Record-Breaking Financial Performance
Profits soar over 28% to QAR 7.85 billion (US$2.15 billion), driven by renewed growth strategy
Qatar Airways Group has announced the most robust financial results in its history, achieving a net profit of QAR 7.85 billion (US$2.15 billion) for the 2024/25 fiscal year—an increase of more than QAR 1.7 billion (US$0.5 billion) compared to the previous year. This milestone underscores the success of the Group’s renewed “Qatar Airways 2.0” strategy, which has propelled performance across all divisions, including cargo, catering, and Qatar Duty Free.
Qatar Airways Cargo, recognized as the world’s leading air freight carrier, reported a 17% revenue increase and its strongest performance since the COVID-19 era. The division attributes its success to enhanced digitalisation, data-driven decision-making, agile market responses, and industry-leading service reliability.
Commenting on the achievement, Engr. Badr Mohammed Al-Meer, Group Chief Executive Officer of Qatar Airways, stated:
“These exceptional results reflect the dedication, professionalism, and innovation of over 55,000 employees worldwide. The success of our ‘Qatar Airways 2.0’ strategy lies in our unwavering commitment to nurturing talent, embracing innovation, and forming strategic partnerships that strengthen our resilience in a dynamic global landscape.”
Al-Meer also emphasized the airline’s continued commitment to delivering an outstanding passenger experience:
“Whether through our award-winning Qsuite, gourmet inflight dining, or complimentary high-speed Starlink Wi-Fi, we remain dedicated to redefining excellence in air travel.”
Key Highlights from the 2024/25 Fiscal Year:
- 28% year-on-year profit growth, marking the Group’s highest earnings to date
- Major expansion of Hamad International Airport, boosting capacity to 65 million passengers annually
- First global carrier—and first in the MENA region—to deploy Starlink high-speed internet on Boeing 777 aircraft
- Acquisition of a 25% stake in Virgin Australia, reinforcing global connectivity
- 25% investment in South Africa’s Airlink, strengthening presence in the African regional market
- Introduction of Sama, a conversational AI cabin crew assistant, pioneering digital engagement onboard
- Strategic MoUs across technical domains, aligned with Qatar National Vision 2030 to diversify and future-proof operations
Looking ahead, Qatar Airways is laying the foundation for future growth with significant aircraft and engine orders, ensuring its fleet remains among the youngest, most advanced, and sustainable in the industry. These forward-looking investments reaffirm the Group’s position at the forefront of global aviation.
