Doha: Qatar Airways Group has reported a record net profit of QR 7.85 billion ($2.15 billion) for the 2024/25 fiscal year, marking an increase of QR 1.7 billion ($0.5 billion) compared to the previous year.
According to Qatar News Agency, this milestone was highlighted in the airline's latest annual report, reflecting the strongest financial performance in the Group's history. The exceptional results span all major divisions, including Qatar Airways Cargo, Qatar Aircraft Catering Company, and Qatar Duty Free.
Qatar Airways Cargo delivered a significant financial performance, recording a 17% growth in revenue and achieving the best financial results since the COVID period. This success is attributed to its agility in adapting to shifting market conditions, a focus on investing in digitalization, deeper data-driven analyses, and its reliability.
HE Minister of State for Energy Affairs and Qatar Airways Group Chairman of the Board of Directors, Saad bin Sherida Al Kaabi, commented on the results, stating that they demonstrate Qatar Airways Group's leadership position in global aviation and its role in driving the global economy. He emphasized that the achievements are a result of strategic planning, allowing the business to thrive in a stable and sustainable way.
Qatar Airways Group Chief Executive Officer, Eng. Badr Mohammed Al Meer, noted the hard work and dedication of teams across the Group as key to achieving these results. He highlighted the importance of fostering talent as part of the Qatar Airways 2.0 strategy and mentioned the implementation of strategic partnerships to maintain agility in the face of global challenges.
The airline's accomplishments over the last financial year include a record-breaking 28% increase in profit, the expansion of Hamad International Airport to accommodate 65 million passengers annually, and the installation of Starlink super-fast WiFi on its Boeing 777 fleet. Additionally, Qatar Airways holds a 25% minority stake in Virgin Australia and a 25% acquisition of South African regional airline, Airlink. The introduction of AI into its digital cabin crew, Sama, and the signing of technical MoUs further demonstrate its commitment to future-proofing and diversifying the business in line with the Qatar National Vision 2030.