Qatar Airways reports its most successful year ever

QATAR AIRWAYS BOEING 777-3DZ A7-BEC (MSN 43216)

Qatar Airways Group, a state-owned entity, has just reported an annual net profit of $2.15 billion, marking the 2024-25 fiscal year as most successful to date.

Profits grew by 28% over the prior year, the airline said, mainly due to continued strong demand from travelers and investments in digitization and data analysis that have begun to pay off. The carrier’s cargo division, Qatar Airways Cargo, saw revenue climb by 17%, contributing to its best overall year since the COVID-19 pandemic.

In a statement, CEO Badr Mohammed Al-Meer said the airline has taken a number of steps to protect itself against possible volatility linked to disruptions in global trade, including diversifying its holdings and forming strategic partnerships throughout the commercial aviation, cargo-handling, and hospitality industries.

Outside of commercial flights and cargo, Qatar Airways Group operates an in-flight catering service, oversees facilities management at its home base at Hamad International Airport in Doha, and runs duty-free stores, restaurants, and hotels in Qatar.

During the last fiscal year, Qatar Airways acquired a 25% stake in Virgin Australia and a 25% stake in the South African regional airline Airlink. Additionally, it completed an expansion at Hamad International Airport, adding 17 new aircraft gates.

The airline recently made headlines after placing an order for 160 Boeing twin-aisle jets, with options for an additional 50. This order represents the largest ever for widebody aircraft and the most significant in Qatar Airways’ history. Furthermore, the airline placed orders for 400 aircraft engines from GE.

Qatar Airways’ fiscal year concludes on the 31st of March.