Qatar Airways Group has just dropped some major news, announcing its strongest financial results in the airline’s history for the fiscal year 2024-2025. This puts them in the league of other major premium carriers, such as Emirates, which are benefiting from the upsurge in travel and the uptick in revenue from the same.

Qatar Airways’ record financial results

Qatar Airways Group has reported its strongest financial performance to date, with a net profit of USD 2.15 billion for the fiscal year 2024–25, marking a 28% increase over the previous year. Total revenue reached USD 23.4 billion, up from USD 22.1 billion the year before. 

The airline carried 43.1 million passengers during the year, an increase from 40 million in the prior year.  This growth is attributed to the airline’s strategic partnerships, including 25% stakes in Virgin Australia and South Africa-based Airlink, aimed at enhancing connectivity and market presence. 

Qatar Airways Cargo also reported a 17% growth in revenue, achieving its best financial results since the COVID-19 period. The airline’s fleet now includes over 230 aircraft from Airbus and Boeing. 

Looking ahead, Qatar Airways has just placed a USD 96 billion order for 160 Boeing 777X and 787 aircraft powered by GE Aerospace engines, marking the largest widebody aircraft deal for both companies. 

According to the airline, a big part of this success is down to their renewed “Qatar Airways 2.0” strategy. This is a multi-pronged approach focusing on innovation, strategic partnerships, and enhancing the overall customer experience.

Speaking on the results, Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer credited the entire team, stating,

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.

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.

Key Highlights from Qatar Airways’ Stellar Year

It wasn’t just about the headline profit figure; the airline group hit several other milestones:

• Record Profit Jump: A significant 28% increase in net profit year-on-year, reaching USD 2.15 billion.
• Cargo Powerhouse: Qatar Airways Cargo, already a world leader, showed remarkable financial performance with a 17% growth in revenue, its best since the COVID period. This was attributed to agility, digitalisation, and data-driven strategies.
• Hamad International Airport (HIA) Expansion: The Doha hub continues to grow, with expansion efforts enabling it to now cater to 65 million passengers annually. More space, more connectivity!
• Starlink Takes Flight: Qatar Airways became the first global airline (and the first in the MENA region) to start rolling out Starlink’s super-fast complimentary Wi-Fi, initially on its Boeing 777 fleet. A game-changer for staying connected in the skies.
• Strategic Investments: Broadening its global footprint, the airline secured a 25% minority stake in Virgin Australia and a 25% acquisition of the South African regional carrier, Airlink.
• Digital Innovation: The introduction of “Sama,” a conversational AI-powered digital cabin crew, signals a push towards next-gen passenger interaction.
• Future-Proofing the Fleet: The airline has also made headlines with historic aircraft and engine orders, ensuring its fleet remains modern and technologically advanced.

Bottomline

Qatar Airways has kicked off its new financial year with a bang, posting figures that underscore its position as a leading global carrier. The “Qatar Airways 2.0” strategy, with its focus on people, partnerships, and passenger experience (plus a healthy dose of digital innovation), seems to be paying off handsomely. It will be interesting to see how the airline builds on this momentum in the coming year, especially with its fleet renewal and tech advancements. While there has been a bit of softening of air travel demand, the last year was a good one for airlines. Now let us see what is in store ahead.

What are your thoughts on Qatar Airways’ record performance? Let us know in the comments below!

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