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Qatar Airways reports record $2.15 Billion profit for fiscal year ending March

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Qatar Airways reports record $2.15 Billion profit for fiscal year ending March
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Badr Mohammed Al Meer CEO of Qatar Airways | Qatar Airways

Qatar Airways has announced a record-breaking financial performance for the fiscal year ending March 31, 2025. The group, which includes the airline and its cargo carrier, reported a net profit of QAR7.8 billion ($2.1 billion) on revenues of QAR86 billion ($23.5 billion). This marks the strongest financial results in the company's history.

The company saw an increase in passenger numbers to 43.1 million, up by over three million from the previous fiscal year. Revenues also rose from QAR80.9 billion ($22.1 billion) during FY2023/2024.

CEO Badr Mohammed Al-Meer credited employees for this success: “I know that none of the outstanding results we’re announcing today would be possible without our people – more than 55,000 of them across the globe – and it is our focus on fostering that talent, which has been a core focus of our Qatar Airways 2.0 strategy.”

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Al-Meer highlighted strategic partnerships formed during FY2024/2025 as essential to maintaining agility amidst global changes: “All of this means we continue to offer and develop exceptional service in the skies."

During this period, Qatar Airways expanded its investment portfolio with minority stakes in South Africa’s Airlink and Virgin Australia, adding to its holdings in Cathay Pacific, China Southern Airlines, International Airlines Group (IAG), and LATAM Airlines.

On May 14, Qatar Airways placed an order with Boeing for up to 210 aircraft. This deal includes firm orders for 30 Boeing 777-9s and 130 Boeing 787s, plus options for an additional 50 aircraft.

The annual report also notes that Starlink internet connectivity has been installed on its Boeing 777 fleet.

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