Qatar Airways reports record annual net profit

Qatar Airways reported a net profit surge of 28 per cent, reaching a record 7.8 billion riyals ($2.1 billion) for the financial year 2024, which concluded in March, according to the state-owned airline.

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Qatar Airways reports record annual net profit © The Strategist

The airline anticipates robust demand for air travel in the short term.

The firm’s earnings for the year increased by 6 percent to reach 86 billion riyals.

Qatar Airways catered to over 43 million passengers, marking a 7.8 percent increase from the previous year. Carrier capacity rose by 4%.

Last year, Qatar Airways acquired a 25 percent share in Virgin Australia and a comparable share in South African Airlink.

source: ft.com

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