Qatar Airways Reports 28% Increase in Profit to $2.1 Billion

DOHA- Qatar Airways (QR) has announced an impressive 28% increase in its annual net profit, achieving 7.8 billion Qatari riyals ($2.1 billion), as revealed in a preliminary report published by the airline on Monday (May 19, 2025). Operating from Hamad International Airport (DOH), the airline is recognized as one of the fastest-growing aviation hubs in the world.

Although complete revenue and passenger data are not yet available, the airline’s noteworthy accomplishments—including significant fleet expansion and strategic equity investments—underscore its commitment to a robust global growth strategy and its ability to adapt to changing global dynamics.

An image illustrating Qatar Airways is provided below:

Qatar Airways’ 28% year-over-year growth in profit signifies a major achievement for the state-owned airline.

This profit rise, noted for the fiscal year concluding in early 2025, reflects the airline’s deliberate efforts to strengthen its global operations, enhance its fleet, and forge essential partnerships in response to evolving market conditions.

CEO Badr Mohammed Al-Meer credited the airline’s financial success to collaborative industry partnerships, which enable the airline to remain versatile in the face of geopolitical, economic, and environmental challenges. This aligns with Qatar Airways’ overall commitment to resilience and innovation within a competitive industry.

Among its pivotal strategies, Qatar Airways invested in international airlines, acquiring a 25% share in Virgin Australia (VA) and an identical stake in regional South African carrier Airlink (4Z), thus expanding its global influence into the Asia-Pacific and African sectors.

These investments are anticipated to enhance connectivity and increase passenger flow through Doha (DOH), reinforcing its position as a key transit center.

Earlier this year, Chief Commercial Officer Thierry Antinori shared with Reuters that passenger traffic across the airline’s network experienced a 9% increase from April 2024 to January 2025. Notably, growth within Europe reached 14%, with Germany specifically noting a 12% surge.

These statistics indicate that Qatar Airways is not only outperforming the market average but also solidifying its position in critical regions.

Historic Widebody Order

Recently, Qatar Airways made headlines by announcing the most substantial aircraft and engine order in its history, committing to 210 widebody aircraft from Boeing and more than 400 engines from GE Aerospace (GE).

The groundbreaking agreement includes 160 firm orders and 50 options for Boeing 787 Dreamliners and 777-9 aircraft, paired with a landmark GE Aerospace contract for GE9X and GEnx engines—marking the largest widebody engine order in the company’s history.

The agreement encompasses:

• 130 Boeing 787 Dreamliners: Renowned for their long-range capabilities and 25% improved fuel efficiency, providing a superior passenger experience.
• 30 Boeing 777-9s: Recognized as the world’s largest twin-engine aircraft, which aims to cut emissions and fuel consumption by 25% compared to prior iterations.
• 50 additional options: Offering the airline flexibility for future demand expansions.

Qatar Airways Group CEO Engr. Badr Mohammed Al-Meer emphasized that this fleet expansion is motivated by a drive for efficiency, sustainability, and enhanced passenger experience rather than merely increasing scale, positioning Qatar Airways as the leading Dreamliner operator in the Middle East.

Stephanie Pope, President and CEO of Boeing Commercial Airplanes, acknowledged the importance of this partnership and affirmed Boeing’s commitment to supporting Qatar Airways’ future expansion.

Record Engine Deal

Alongside the fleet acquisition, Qatar Airways secured an agreement with GE Aerospace for over 400 engines, comprising:

• 60 GE9X engines: intended for the Boeing 777-9.
• 260 GEnx engines: designated for the Boeing 787 Dreamliners.
• Service agreements: ensuring maintenance, repair, and overhaul for both engine types.

This represents the largest widebody engine order in GE Aerospace’s history. The new contract builds upon a prior order of 188 GE9X engines, affirming Qatar Airways’ long-term confidence in GE’s engineering and operational capabilities.

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