Doha, May 19 (QNA) - Qatar Airways Group has reported a record net profit of QR 7.85 billion ($2.15 billion) for the 2024/25 fiscal year, marking an increase of QR 1.7 billion ($0.5 billion) compared to the previous year.

This milestone was highlighted in the airline’s latest annual report, which reflects the strongest financial performance in the Group’s history. The exceptional results span all major divisions, including Qatar Airways Cargo, Qatar Aircraft Catering Company, and Qatar Duty Free.

Qatar Airways Cargo has delivered a remarkable financial performance, recording a 17% growth in revenue and achieving the best financial results since the COVID period. This is attributed to its agility in adapting to shifting market conditions, a focus on investing in digitalization, deeper data-driven analyses, and its best-in-class reliability.

HE Minister of State for Energy Affairs and Qatar Airways Group Chairman of the Board of Directors, Saad bin Sherida Al Kaabi, commented: "These financial results show yet again Qatar Airways Group’s leadership position not just in global aviation, but in driving the global economy. The achievements across the 24/25 financial year continue to position the airline and Group as a global economic force. This is not just a product of our employees’ hard work, but of thoughtful, deliberate and strategic planning, which has allowed the business to thrive in a stable and sustainable way. Record-breaking profitability, underpinned by sound business decisions, is a hallmark of our success and I have every confidence that we’ll see it continue."

Qatar Airways Group Chief Executive Officer, Eng. Badr Mohammed Al Meer, said: "These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. 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’s our focus on fostering that talent which has been a core focus of our Qatar Airways 2.0 strategy."

"We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to remain agile in the face of ever-shifting world events, whether political, economic or environmental," he added.

"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," he noted.

Key achievements of Qatar Airways Group over the last financial year include record-breaking 28% increase in profit in 24/25 financial year, and expansion of Hamad International Airport, enabling it to cater for 65m passengers annually.

Al Meer noted that Qatar Airways is the first global airline, and first in MENA region, to install Starlink super-fast WiFi on its Boeing 777 fleet, in addition to a 25% minority stake in Virgin Australia, and a 25% acquisition of South African premier regional airline, Airlink. The achievements also include the introduction of AI into its world-first digital cabin crew, Sama.

Al Meer also highlighted the signing of a range of technical MoUs, aimed at future-proofing and diversifying the business across the aviation sector, as well as working to fulfill the ambitions of the Qatar National Vision 2030. (QNA)