Qatar Airways Posts Record US$2.15 Billion Profit
Qatar Airways Group has achieved its strongest financial results ever, reporting a profit of US$2.15 billion (QAR 7.85 billion) for the fiscal year 2024–2025, up more than US$0.5 billion from the previous year. In a May 19, 2025 press release, the airline announced a 28 percent increase in net profit, calling it “the strongest set of financial results in its history.” This performance underscores the carrier’s ability to combine network growth, operational resilience and innovation to drive sustained profitability.
Cargo operations played a key role in the record results, with Qatar Airways Cargo posting a 17 percent rise in revenue and delivering its best financial performance since the COVID-19 pandemic. The division credited its success to agile market adaptation, investment in digital platforms and data analytics, and a reputation for reliability that attracted new freight contracts across pharmaceuticals, perishables and e-commerce shipments. “Our cargo business has demonstrated the benefits of strategic investment in technology and customer service,” the group said.
Group CEO Badr Mohammed Al-Meer attributed the record results to the airline’s workforce of more than 55,000 employees worldwide and the ongoing Qatar Airways 2.0 transformation strategy. “None of the outstanding results we’re announcing today would be possible without our people,” he said, highlighting talent development, training programs and a culture of continuous improvement. The focus on nurturing in-house expertise and partnering with international aviation stakeholders has enabled the carrier to expand its global footprint and maintain high service standards.
Infrastructure investments also contributed to the improved performance. In March 2025, Hamad International Airport in Doha opened Concourses D and E, adding 17 new boarding gates and increasing the airport’s annual capacity to 65 million passengers. The expanded terminal facilities have accommodated growing demand on routes to Europe, Asia and the Americas, while streamlining transfer processes for transit passengers. Last year, Qatar Airways became the first global airline—and the first in the Middle East and North Africa—to install Starlink broadband Wi-Fi on its Boeing 777 fleet, enhancing the in-flight experience for long-haul travelers.
Strategic equity investments further strengthened the group’s position. In February 2025, Qatar Airways acquired a 25 percent minority stake in Virgin Australia, approved by Australia’s Foreign Investment Review Board, and in August 2024 it purchased a 25 percent equity share in South African carrier Airlink. These partnerships broaden the airline’s network access, leverage local market expertise and support tourism and trade linkages across Australia, Africa and the Gulf. The group reiterated its commitment to sustainable aviation development and cross-border collaboration as part of its long-term growth agenda.
On the fleet front, Qatar Airways confirmed substantial orders for new aircraft and engines to keep its network at the forefront of modern aviation. A landmark Boeing deal signed on May 14, 2025—announced during U.S. President Donald Trump’s visit to Qatar—covers up to 210 787 Dreamliner and 777 X jets powered by GE Aerospace engines, valued at more than US$96 billion. This agreement complements prior orders and financial arrangements worth over US$4 billion with leading U.S. institutions to fund nearly 300 new aircraft deliveries between 2025 and 2027.
Looking ahead, the airline expects to leverage these investments to capture rising demand for premium travel, expand cargo capabilities and maintain operational excellence. With its record profits, expanded airport capacity, technological innovations and strategic partnerships, Qatar Airways is poised to sustain its leadership in international aviation and deliver enhanced value to passengers, cargo clients and shareholders.
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