Qatar Airways has posted a record nett profit of QAR7,85 billion (R38,62 billion) for the 2024/25 financial year ending March 31, representing a 28% increase year-on-year.
“These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. 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,” said Qatar Airways Group Chief Executive Officer, Badr Mohammed Al-Meer.
Passenger operations generated QAR60,65 billion (R298,35 billion), accounting for 70,5% of total revenue and representing a 2,6% year-on-year increase.
The airline reported that it carried over 43 million passengers during the year, representing a 7,8% increase compared with the previous year. Capacity measured in available seat kilometres, rose from 252,87bn in 2023/24 to 262,87bn in 2024/25.
“Network capacity grew by 4% versus FY23/24 with increased frequencies to 48 markets last year including to Miami and Kuala Lumpur. Qatar Airways continues to expand its large global network of 177 destinations, more than any other Middle East carrier,” said Mohammed Al-Meer.
Additionally, in the final quarter of 2024, the airline reported one of its highest load factors driven by strong demand from business travellers.
“Our best year commercially in the airline’s history was 2024 and we fully expect demand in 2025 to remain as strong. As we continue our path of smart growth and expansion, the Group is in an excellent position to meet the strong demand anticipated next year,” said Mohammed Al-Meer.
To meet this expansion and increased demand, the Qatar Airways fleet added two passenger aircraft, seven private jets, and two leased aircraft. Qatar Airways also recently made record-breaking Boeing aircraft and engine orders.
Mohammed Al-Meer also reported a 60% increase in active membership in the Privilege Club programme, highlighting the utility of its loyalty reward currency, Avios. There was a 45% increase in the uptake of flight rewards underpinned by a 50% increase in Avios used to access such rewards over the past year.
The airline’s other key achievements over the last financial year include its 25% acquisition of Airlink; its 25% minority stake in Virgin Australia; the expansion of Hamad International Airport, enabling it to cater for 65 million passengers annually; and its installation of Starlink WiFi on its B777 fleet.
