Latest news with #QatarAirwaysCargo
Gulf Business
20-05-2025
- Business
- Gulf Business
Qatar Airways reports record-breaking financials for FY2024-25
Image: Qatar Airways Qatar Airways has posted its strongest financial performance in the company's history, with net profits reaching QAR7.85bn ($2.15bn) for the 2024-25 fiscal year. The results represent a year-on-year increase of more than 28 per cent, or QAR1.7bn ($0.5bn), and mark a milestone in the airline's strategic transformation under its renewed 'Qatar Airways 2.0' strategy. The group's portfolio includes Qatar Airways, Qatar Airways Cargo, catering services, and Qatar Duty Free. The strong results were attributed to strategic agility, talent development, and enhanced digital capabilities across the business. Qatar Airways 2.0 strategy is a key enabler 'This record-breaking performance is a testament to the hard work, skill, and dedication of our global team of over 55,000 professionals,' said Engineer Badr Mohammed Al-Meer, Qatar Airways groupCEO. 'Our Qatar Airways 2.0 strategy focuses on empowering talent, fostering innovation, and building strategic partnerships that help us navigate an ever-changing global landscape — be it political, economic, or environmental.' Qatar Airways Cargo, already ranked as the world's largest air cargo carrier, recorded a 17 per cent year-on-year increase in revenue. The division posted its best financial results since the Covid-19 pandemic, driven by adaptive market strategies, investment in digitalisation, and enhanced operational reliability. Qatar Airways Group announces strongest financial results in its history: Profits for the Group reached QAR 7.85 bn (US$2.15bn) in the 24/25 fiscal year – an increase of more than QAR 1.7bn (US$0.5bn) on the year before. For more information: — Qatar Airways (@qatarairways) In numbers: Major milestones and strategic investments Key highlights from the group's financial year include: A 28 per cent year-on-year profit growth. Expansion of Hamad International Airport, now capable of handling 65 million passengers annually. Becoming the first global airline — and the first in the MENA region — to install Starlink super-fast WiFi on its Boeing 777 fleet. Acquisition of a 25 per cent stake in Virgin Australia. Purchase of a 25 per cent interest in South Africa's regional airline, Airlink. Deployment of 'Sama', the airline's world-first conversational AI-powered digital cabin crew. Signing of various technical memorandums of understanding (MoUs) to diversify operations and align with Qatar National Vision 2030. 'We continue to offer and develop exceptional services—whether it's our award-winning Qsuite, in-flight fine dining, or complimentary high-speed Starlink internet,' Al-Meer added. Qatar Airways has also placed major
Zawya
20-05-2025
- Business
- Zawya
Qatar Airways Cargo transports over 1.5mln tonnes of air freight in 2024-25
Doha, Qatar: Qatar Airways Cargo transported over 1.5 million tonnes in the financial year April 1, 2024 – March 1, 2025 making it the largest freight carrier with 7.11% market share. Over the past 12 months, it has solidified position as the world's leading air cargo carrier, Qatar Airways Group said in its annual report for 2024/25, released yesterday. Investments in fleet expansion and network enhancements enabled new freighter services to Abu Dhabi and Sharjah in the UAE, Vienna, Austria, Kuala Lumpur, Malaysia and London Heathrow, UK. In Asia, frequencies were added to Hong Kong and China. The cargo carrier operated 2019 charters, including MotoGP, for which Qatar Airways Cargo is the Official Cargo Airline, and Formula 1, for which Qatar Airways is the Global Partner and Official Airline. In 2024, there was a strong focus on partnerships, specifically with MASkargo, the cargo airline and subsidiary of Malaysia Aviation Group, Cainiao, a global leader in e-commerce logistics, Japan Airlines Cargo, Qatar Postal Services Company (Qatar Post) and MotoGP. Meanwhile Qatar Airways Cargo continues to focus on deploying modern digital technology in the cargo industry. The air cargo carrier is driving efficiencies through digital innovation, introducing enhancements to its e-booking portal, expanding its omnichannel offering and introducing digitalisation to many of its processes, thereby driving speed, accuracy and enhancing customer experience, the report noted. Bookings via its Digital Lounge e-booking platform was close to 36% as of 31 March 2025. Qatar Airways Cargo became the first cargo carrier to allow interline partners to book capacity online. For an improved e-booking experience, Octoloop by Cargo Flash was introduced as its digital cargo booking platform via its wallet services to a total of 10 India destinations. Partnership with UNISYS, through its Cargo Portal Service platform, extends e-booking capabilities to new and existing customers, enabling freight forwarders to better access the airline's extensive network. The cargo carrier became the first airline to go live with CARGOSTACK Optimiser, the AI-driven Revenue Management suite of Wiremind Cargo, a member of Cargo Tech. The 2024-25 financial year saw the launch of new products such as, AirPlus Solutions - Q-Climate, Q-Plus and Q-Prime services to elevate customer shipments; Aerospace – A tailor-made solution for the aviation, defence and space technology sectors; and TechLift – A solution for semiconductor products, supporting electronics, high tech, AI, communications, satellites and automotive industries. Also, Qatar Airways Cargo inaugurated its state-of-the-art Animal Centre at the Doha hub, which is the largest single-carrier facility in the world. The 5,260 sqm fully temperature-controlled facility is equipped with many cutting-edge features including - Kennel Capacity: 140 dog kennels and 40 cat kennels; Horse Stables: 24 stables distributed in 4 zones with separate airflows for proper segregation; manned by trained veterinary staff 24/7. As a part of its WeQare initiative, in 2024 Qatar Airways Cargo renewed its existing sponsorship with UNHCR, the UN Refugee Agency, to support free shipment of up to 400 tonnes of relief items to the most vulnerable refugees and displaced people worldwide. Through its WeQare 'Rewild the Planet' initiative, the cargo carrier transported 67 shipments equalling 23, 500 kilograms, supporting organisations such as United for Wildlife and Animal Defenders International. Special cases included 47 ring-tailed and brown lemurs, 155 radiated tortoises, 757 spider tortoises and seven lions. Qatar Airways Cargo is the world's largest international air cargo carrier, delivering quality air freight solutions and connecting businesses to more than 70 freighter and 170 belly-hold destinations. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
Qatar Airways posts record QR7.85 bn net profit
Tribune News Network Doha The Qatar Airways Group has reported a record net profit of QR7.85 billion ($2.15 billion) for the 2024/25 fiscal year, marking an increase of QR1.7 billion ($0.5 billion) compared to the previous year. The 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 percent 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. Minister of State for Energy Affairs and Qatar Airways Group Chairman of the Board of Directors HE 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.
eNCA
19-05-2025
- Business
- eNCA
Qatar Airways soars to new financial heights
JOHANNESBURG - Qatar Airways has shattered financial records for the 2024/2025 fiscal year, posting a 28% jump in net profit. The airline's success was fueled by a surge in global travel, with record passenger numbers driving its highest-ever profit since the Covid-19 pandemic's end. Meanwhile, Qatar Airways Cargo also thrived. It recorded a 17% boost in revenue, thanks to its quick adaptability, strong focus on digitalisation, and reliability in the air freight market.
BusinessToday
19-05-2025
- Business
- BusinessToday
Qatar Airways Reports Record-Breaking Profit of US$2.15 Billion For FY24/FY25
Qatar Airways Group has announced the strongest financial results in its history, posting a record net profit of QAR7.85 billion (US$2.15 billion) for the fiscal year 2024/2025 (FY24/FY25), a significant year-on-year increase of over QAR1.7 billion (US$0.5 billion). The group's stellar performance spans across its entire ecosystem, including Qatar Airways Cargo, Qatar Duty Free and catering services, and reflects the group's strategic agility, robust digital transformation and unwavering commitment to service excellence. 'This exceptional achievement is a direct result of the dedication, skill and resilience of our global workforce. 'Our performance this year validates the strategic direction set out under Qatar Airways 2.0, with a clear focus on people, innovation and partnerships,' Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said. Key Milestones and Strategic Achievements: 28% increase in Group profit over the previous financial year. Major expansion of Hamad International Airport, now capable of handling 65 million passengers annually. First global airline and MENA carrier to install Starlink super-fast WiFi on its Boeing 777 fleet. Acquisition of 25% stakes in both Virgin Australia and South African regional carrier Airlink, expanding the group's global footprint. Introduction of conversational artificial intelligence in Sama, the world's first digital cabin crew. Multiple technical memoranda of understandings signed, aimed at future-proofing and diversifying group operations in alignment with Qatar National Vision 2030. Looking ahead, Al-Meer reaffirmed the airline's commitment to innovation and sustainability, saying, 'Our financial strength enables us to invest in the future — in new technologies, better experiences and sustainable growth that benefits both our customers and the industry at large.' Related
