Qatar Airways has increased its operating profit even as revenue and passenger numbers eased from the previous year’s peaks, according to newly released financial data for the 2023/24 and 2024/25 fiscal periods.
For 2023/24, the group reported an operating profit of around QAR 13.4 billion, up from roughly QAR 10 billion a year earlier, signaling improved efficiency and cost control. Net profit for 2023/24 reached QAR 6.1 billion (about US$1.7 billion) on total revenue of QAR 81 billion (US$22.2 billion), a 6% revenue increase over 2022/23.
In the following 24/25 fiscal year, Qatar Airways said group profit climbed further to more than QAR 7.85 billion (US$2.15 billion), even as top-line growth slowed and passenger volumes came off post-World Cup highs. Earlier, the airline had carried about 43 million passengers and generated QAR 76.3 billion (US$21.0 billion) in revenue in 2022/23, when traffic and yields surged on strong demand and expanded capacity.
The latest figures indicate that, while revenue and passenger numbers are normalizing after rapid post-pandemic and World Cup-driven growth, Qatar Airways is extracting higher operating returns from its network. The carrier’s profitability gains come despite a marginal capacity reduction reported for 2025 compared with 2024, suggesting a focus on yield management, longer sector lengths, and tighter cost discipline.