Qatar Airways has unveiled its strategy for the upcoming year and reviewed its record profits at the 2024 Investors’ Meeting in Doha.
The meeting, themed “New Era of Dynamic and Sustainable Partnership,” welcomed key aviation finance organisations, including those from leasing, banking, and insurance sectors.
For the fiscal year 2023-2024, Qatar Airways reported its strongest financial performance in 27 years, with net profits of QR 6.1B ($1.7B) and total revenues of QR 81B ($22.2B).
Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, remarked that the conference’s theme underscores the core elements of the Qatar Airways 2.0 vision. He emphasised that innovation, sustainability, and collaboration will drive long-term financial health and enhance the airline’s global footprint while setting new benchmarks in travel and passenger experience.
With one of the youngest fleets in the industry, Qatar Airways is expanding its global network and fleet size, with 94 Boeing 777X aircraft on order to support operations to over 170 destinations via Hamad International Airport.
The airline is also investing in digital technologies to improve its First Class and Business Class offerings, highlighted by the upcoming ‘QSuite Next Gen,’ set to launch on Boeing B777-9 aircraft by 2026.
Qatar Airways is committed to tackling climate change, focusing on four key pillars: fleet modernisation, operational optimisation, use of Sustainable Aviation Fuels, and participation in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Additionally, the airline aims to strengthen its brand through strategic equity investments, such as its recent investment in Airlink, and has solidified its position as the leading airline on social media, with over 47 million combined followers globally.
