Qatar Airways hosted its 2024 Investors Meeting in Doha under the theme of "New Era of Dynamic and Sustainable Partnership".
The worlds leading aviation finance organizations, including leasing, banking, and insurance businesses attended the meeting for a holistic overview of Qatar Airways Group's financial results, fleet and network expansion, competitive differentiation, sustainability efforts, and employee engagement plans. The high-profile attendees were also presented with the airlines vision for the 2024-2025 fiscal year and beyond.
Qatar Airways Group Chief Executive Officer, Eng. Badr Mohammed Al Meer, said: "This years theme of the Annual Investors Conference was "New Era of Dynamic and Sustainable Partnership", which highlighted the driving forces for the Qatar Airways' vision.
"As we embark on a new chapter in our airlines 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."
During the 2023-2024 fiscal year, Qatar Airways delivered the strongest financial performance in its 27-year history, reporting record-breaking net profits of QAR 6.1 billion (US$ 1.7 billion) and a total revenue of QAR 81 billion (US$ 22.2 billion). With this historic success, the Worlds Best Airline, as voted by Skytrax in 2024, reaffirmed its steadfast commitment to balancing profitability with social and environmental responsibility, operational excellence, and people-centric initiatives.
With one of the youngest fleets in the industry, Qatar Airways continues to grow both its global network and fleet size. The airline now has 94 Boeing 777X aircraft on order, including commercial and cargo aircrafts. The new addition will support the airlines global operations, connecting passengers seamlessly to over 170 destinations through its award-winning hub, Hamad International Airport, the Worlds Best Airport as voted by Skytrax in 2024.
Complementarily, the Worlds Best Airline is embracing the future by investing in digital technologies and innovative solutions to elevate its product offerings, particularly in its First Class and Business Class cabins. This is demonstrated by the latest unveiling of the QSuite Next Gen at Farnborough Airshow 2024, set to debut on Qatar Airways Boeing B777-9 aircraft by 2026.
During the meeting, sustainability discussions focused on a wide range of operational measures spanning fleet, flight operations, and technologies.
Qatar Airways Group is driving progress in environmental sustainability, a commitment that is integrated within its corporate culture. The airline is at the forefront of the aviation industry's efforts to address climate change, particularly since the International Civil Aviation Organisations adoption of global climate goals in 2010.
Qatar Airways strategy centres around four key pillars: advancing technology through fleet modernisation, optimising operations, utilising Sustainable Aviation Fuels and Lower Carbon Aviation Fuels, and participating in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
