In a recent Investors’ Meeting held in Doha, Qatar Airways unveiled its strategic plan for the upcoming year, building on its record-setting financial achievements for the 2023-2024 fiscal year. The meeting, themed “New Era of Dynamic and Sustainable Partnership,” attracted prominent representatives from aviation finance sectors, including leasing, banking, and insurance.
Qatar Airways reported an impressive net profit of QR6.1 billion ($1.7 billion) and total revenue of QR81 billion ($22.2 billion), marking the strongest financial performance in the airline’s 27-year history.
Engr. Badr Mohammed Al-Meer, Group Chief Executive Officer of Qatar Airways, stated: “This year’s theme of the Annual Investors’ Conference was ‘New Era of Dynamic and Sustainable Partnership,’ which highlighted the driving forces for the Qatar Airways 2.0 vision. As we embark on a new chapter in our airline’s success story, innovation, sustainability, and collaboration will guide our efforts to deliver long-term financial health, sustainably enhancing our global footprint and setting new benchmarks in travel solutions and passenger experiences. By maintaining customers and employees at the heart of our operations, we are ensuring continued growth and excellence for Qatar Airways Group for years to come.”
With one of the industry’s youngest fleets, Qatar Airways is focused on expanding both its fleet size and global network. The airline has placed orders for 94 Boeing 777X aircraft, which will include both commercial and cargo models, bolstering its operations and connecting travelers seamlessly to over 170 destinations via its award-winning hub, Hamad International Airport.
The airline is also investing significantly in digital technologies and innovative solutions aimed at enhancing its First Class and Business Class offerings.
This commitment is exemplified by the recent introduction of the ‘QSuite Next Gen’ at the Farnborough Airshow 2024, set to debut on Qatar Airways’ Boeing B777-9 aircraft by 2026.
In addition to its focus on customer experience, Qatar Airways is taking proactive steps to combat climate change, particularly since the International Civil Aviation Organisation adopted global climate goals in 2010. The airline’s strategy is centered around four fundamental pillars: advancing technology through fleet modernization, optimizing operations, utilizing Sustainable Aviation Fuels and Lower Carbon Aviation Fuels, and engaging in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
As Qatar Airways continues to expand, the airline remains committed to achieving dynamic and sustainable growth, reflecting its strong dedication to environmental responsibility. The airline also highlighted its competitive edge through strategic product initiatives and equity investments in leading carriers, including its recent stake in Airlink.
Furthermore, part of Qatar Airways’ ongoing strategic efforts involves cultivating deeper relationships with global audiences, solidifying its leadership status on social media platforms during the financial year 2023-2024. Consequently, Qatar Airways has become the world’s leading airline on social channels, amassing over 47 million followers, and is the most-followed airline globally on Facebook, TikTok, and YouTube.
