Qatar Airways achieves highest profit amid aviation recovery

Qatar Airways has achieved its highest-ever annual profit of $2.15 billion, driven by record passenger numbers as global aviation continues to recover from the pandemic.

Qatar Airways Group announced a record $2.15 billion profit for the latest fiscal year, marking its highest earnings to date. The state-owned airline also reported a revenue increase to $23.4 billion up from $22.1 billion the previous year.

Passenger numbers surged to 43.1 million, an increase from 40 million in the prior fiscal year, bolstered by Qatar's role as the host of the 2022 FIFA World Cup. The airline operates a fleet of over 230 aircraft, comprising both Airbus and Boeing models.

Group CEO Badr Mohammed al-Meer credited the record-breaking results to the dedication and expertise of the team. The broader Qatar Airways Group, encompassing its cargo services, airport operations, and duty-free services, has become a key player in global aviation, alongside regional competitors Emirates and Abu Dhabi-based Etihad Airways.

Read next

23:24

South Caucasus

President Ilham Aliyev pays a working visit to Türkiye

On June 19, President of the Republic of Azerbaijan Ilham Aliyev arrived in Türkiye for a working visit.

23:20

South Caucasus

“Baku ID-2025” innovation festival kicks off in Baku

One of the region’s largest innovation events, “Baku ID-2025”, has officially kicked off in Baku. Organized by SABAH.HUB in partnership with government agencies and leading representatives of the private sector, this year’s festival is held under the theme “The Regional Nexus”.

21:44

U.S.–Iran Tensions

live Trump says U.S. decision on Iran strike to be made within two weeks

President Donald Trump has said he will make a decision in the coming two weeks on whether the United States will strike Iran, citing a possibility of upcoming negotiations.

19:00

Economy

South Korea proposes $14.7 billion extra spending to revive economy

South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.

18:30

economy

ECB’s Villeroy says rate move in next six months likely a cut

If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.