Qatar Airways at a Historic Peak: Net Profit of 7.8 Billion Riyals

What is Qatar Airways’ historic financial achievement?

Qatar Airways announced its financial results for the fiscal year 2024/25, which presented an unprecedented achievement. The company recorded a record net profit of 7.8 billion Qatari Riyals (approximately $2.1 billion). This figure represents a 28% increase in net profit compared to the previous year, establishing the company’s position as a leader in the global aviation industry.

How did Qatar Airways achieve record profits and what are its next steps?

Achieving this record profit did not happen by chance. The company’s revenues increased by 6% to reach 81 billion Qatari Riyals (approximately $22.2 billion). The operating profit (EBITDA) reached 19.1 billion Riyals (approximately $5.2 billion), reflecting a profit margin of 24%. During the year, the company flew over 40 million passengers, a 26% increase compared to the previous year, and maintained an average occupancy rate of 83%, the highest in its history.

In addition to these impressive figures, Qatar Airways has made significant strategic investments. The company acquired 25% of Virgin Australia and 25% of the South African airline Airlink, with the aim of strengthening its presence in these markets. These steps indicate a long-term vision and commitment to global expansion.

Furthermore, the company ordered 160 Boeing 777X and 787 aircraft in an order worth $96 billion. This is the largest wide-body aircraft deal in history, which will allow the company to expand and modernize its fleet and improve the flight experience for passengers.

Qatar Airways continued to consolidate its position as a leader in the air cargo sector, with a market share of 7.1% in 2023/24. This area is an important pillar of the company’s operations and contributes to its financial stability.

The private flight division, Qatar Executive, recorded a 17% increase in revenue from commercial rentals and a 21% increase in flight hours, mainly in Europe, the USA and Asia. These figures indicate a growing demand for private flights and the company’s success in appealing to this market segment.

Looking ahead, the company plans to expand its fleet with additional orders for Boeing 777X and 787 aircraft. In addition, it plans to add new routes to North America, Australia and Africa, with the aim of reaching new destinations and serving diverse audiences.

Beyond that, Qatar Airways plans to continue investing in sustainability and innovation, including developing technologies to reduce carbon emissions and improve the passenger experience through digitization and automation. These steps demonstrate the company’s commitment to environmental responsibility and continuous improvement of the services it offers.

The combination of sound financial management, strategic investments, global expansion, and technological innovation are what enabled Qatar Airways to achieve record profits. The company continues to work decisively to maintain its position as an industry leader and ensure its continued success in the future.

What is the significance of these results for Qatar Airways?

The record profit recorded is the highest since the company was founded, and indicates the strengthening of its position in the global arena. These results reflect a full return to routine operations after the Corona years, and establish Qatar Airways’ position as one of the leading airlines in the world. The achievement indicates efficient and strategic management, and ensures the continued growth and prosperity of the company in the future.