Qatar Airways Group announced today the strongest set of financial results in its history. The group’s profit, which includes cargo, catering and Qatar Duty Free, reached QAR7.85 billion ($2.15 billion) in fiscal year 24/25, an increase of more than QAR1.7 billion on the previous year.
“These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. I know that none of the outstanding results we’re announcing today would be possible without our people – more than 55,000 of them across the globe – and it’s our focus on fostering that talent, which has been a core focus of our Qatar Airways 2.0 strategy,” stated Qatar Airways Group CEO, Engr. Badr Mohammed Al-Meer.
Qatar Airways Cargo posts 17 percent growth in revenue
Qatar Airways Cargo also delivered a remarkable financial performance, recording a 17 percent growth in revenue and achieving the best financial results since the COVID pandemic. The group attributed this performance to Qatar Airways Cargo’s agility in adapting to shifting market conditions, a focus on investing in digitalization, deeper data-driven analyses and its best-in-class reliability.
“We have also successfully implemented strategic partnerships throughout the industry, in order for the group to remain agile in the face of ever-shifting world events, whether political, economic or environmental. All of this means we continue to offer and develop exceptional service in the skies, whether it’s the award-winning Qsuite, fine dining or super-fast complimentary Starlink internet connectivity for all passengers,” added Al-Meer.
Qatar Airways marks key achievements
In fiscal year 24/25, Qatar Airways posted a record-breaking 28 percent increase in profit. The expansion of Hamad International Airport enabled it to cater to 65 million passengers annually. Qatar Airways was also the first global airline and the first in the MENA region to install Starlink super-fast WiFi on its Boeing 777 fleet.
On the business front, the airline acquired a 25 percent minority stake in Virgin Australia. Moreover, it concluded a 25 percent acquisition of South African premier regional airline, Airlink.
In addition, Qatar Airways introduced its conversational AI as a world-first digital cabin crew named Sama. Besides, the airline signed a range of technical MoUs future-proofing and diversifying the business across the sector, as well as working to fulfil the ambitions of the Qatar National Vision 2030.
Read: Etihad Airways signs $14.5 billion deal with Boeing, GE Aerospace for 28 wide-body aircraft
Historic aircraft order to drive growth
Looking ahead, Qatar Airways also recently made historic aircraft and engine orders. The $96 billion deal with Boeing sets new records as the largest wide-body order for Boeing, including the largest order for 787 Dreamliners and Qatar Airways’ largest-ever order.
The Qatar Airways order includes 130 Boeing 787 Dreamliners,the long-range, ultra-efficient wide-body airplane family that has delivered a 25 percent fuel-use improvement compared to airplanes it replaces and superior comfort for passengers. Ten orders were previously booked as unidentified. It also includes 30 Boeing 777-9s, the world’s largest twin-engine airplane, and options for an additional 50 787 and 777X airplanes.
This investment ensures that the airline’s already modern and technologically-advanced fleet remains at the forefront of commercial aviation, providing world-leading service to passengers across the globe.
