Qatar Airways reports record profit

Qatar Airways Group has posted its most profitable year ever, reporting a net profit of QAR7.85 billion (US$2.15 billion) for the 2024/25 financial year – an increase of more than 28% compared to the previous year.

The Doha-based airline group, which includes its freight, catering, and duty-free operations, attributed the performance to its renewed business strategy and continued global expansion.

“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,” said Qatar Airways Group Chief Executive Officer Badr Mohammed Al-Meer.

“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.”

The group’s cargo division, Qatar Airways Cargo, delivered its best financial results since the pandemic, achieving a 17% revenue increase.

The airline said this was driven by its ability to adjust quickly to changing global markets, alongside further investments in digital platforms and data-driven operations.

Among the group’s other key developments over the past year were its acquisition of a 25% stake in Virgin Australia and another 25% stake in South Africa’s regional carrier, Airlink.

Qatar Airways also became the first airline globally to introduce SpaceX’s Starlink high-speed inflight internet service on its Boeing 777s and launched new AI-powered digital services including a virtual cabin crew assistant.

The airline’s hub, Hamad International Airport in Doha, also completed a major phase of expansion, increasing capacity to 65 million passengers annually.

Qatar Airways is continuing to build for the future with large-scale aircraft and engine orders aimed at maintaining its modern fleet.