Qatar Airways Outlines Future Vision at Annual Investors’ Meeting, Highlighting Record Profits and Commitment to Sustainability
- Qatar Airways Group offered leading aviation bankers, lessors, and insurers insights into its financial performance, network and fleet expansion, competitive differentiation, sustainability, and employee engagement
- Under the theme “New Era of Dynamic and Sustainable Partnership”, Qatar Airways Group outlined its continued efforts to drive long-term success and excellence as it moves forward with its 2.0 vision for the future
(IN SHORT) Qatar Airways held its 2024 Annual Investors’ Meeting in Doha under the theme “New Era of Dynamic and Sustainable Partnership,” attracting key figures from the aviation finance sector. The airline reported record net profits of QAR 6.1 billion (US$ 1.7 billion) and revenues of QAR 81 billion (US$ 22.2 billion) for the 2023-2024 fiscal year. CEO Engr. Badr Mohammed Al-Meer emphasized the airline’s commitment to innovation, sustainability, and collaboration as part of its Qatar Airways 2.0 vision. With a fleet expansion including 94 Boeing 777X aircraft on order, Qatar Airways aims to enhance connectivity to over 170 destinations. The airline is also focused on environmental sustainability, investing in Sustainable Aviation Fuels and achieving several industry firsts in this area. Additionally, it highlighted its strategic partnerships and strong social media presence, positioning itself as a leader in both operational excellence and passenger satisfaction.
(PRESS RELEASE) Doha, Qatar, 2024-Oct-3— /Travel PR News/ — Qatar Airways convened its 2024 Annual Investors’ Meeting in Doha, focusing on the theme “New Era of Dynamic and Sustainable Partnership.” This event brought together prominent figures from aviation finance, including bankers, lessors, and insurers, who gained insights into the airline’s financial achievements, network expansion, sustainability initiatives, and strategies for employee engagement.
During the meeting, Qatar Airways highlighted its remarkable performance in the 2023-2024 fiscal year, reporting record net profits of QAR 6.1 billion (approximately US$ 1.7 billion) and total revenues of QAR 81 billion (around US$ 22.2 billion). Recognized as the World’s Best Airline by Skytrax in 2024, the airline remains committed to balancing profitability with social and environmental responsibility, as well as operational excellence.
Engr. Badr Mohammed Al-Meer, CEO of Qatar Airways Group, expressed, “This year’s theme emphasizes the core principles driving our Qatar Airways 2.0 vision. As we enter a new chapter, our focus on innovation, sustainability, and collaboration will enable us to achieve long-term financial health while expanding our global presence and setting new standards in passenger experiences.”
With a modern fleet, Qatar Airways is poised for further growth, holding orders for 94 Boeing 777X aircraft. This expansion will enhance the airline’s ability to connect passengers seamlessly to over 170 destinations through Hamad International Airport, celebrated as the World’s Best Airport by Skytrax in 2024.
The airline is also investing in digital innovations to enhance its First and Business Class offerings, with the anticipated introduction of the ‘QSuite Next Gen’ at the 2024 Farnborough Airshow, set to debut on Boeing B777-9 aircraft by 2026.
Commitment to Environmental Sustainability
A significant focus of the meeting was on sustainability initiatives, as Qatar Airways commits to addressing climate change through various operational measures, including fleet modernization and the utilization of Sustainable Aviation Fuels (SAF). The airline’s strategy is built on four pillars: advancing technology, optimizing operations, employing SAF and lower carbon fuels, and participating in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Qatar Airways has achieved numerous industry firsts, such as being the first Middle Eastern airline to join ICAO’s Global Coalition for Sustainable Aviation and securing an offtake agreement for 25 million gallons of neat SAF. These initiatives exemplify the airline’s dedication to environmental stewardship.
Strengthening Strategic Partnerships
The airline also emphasized its competitive edge through strategic investments, including a recent equity investment in Airlink. Qatar Airways continues to forge meaningful connections with global audiences, having established itself as the leading airline on social media with over 47 million followers across various platforms.
Under new leadership, Qatar Airways is committed to fostering a collaborative work environment that promotes trust and teamwork. By prioritizing employee satisfaction, the airline aims to reinforce its reputation as a leader in operational excellence and passenger experience.
About Qatar Airways
A multiple award-winning airline, Qatar Airways won the ‘World’s Best Airline’ for the unprecedented eighth time at the 2024 World Airline Awards, managed by the international air transport rating organisation, Skytrax. Qatar Airways has been the World’s Best Airline in 2011, 2012, 2015, 2017, 2019, 2021, 2022, and 2024. The airline continues to be synonymous with excellence, also taking home, ‘World’s Best Business Class’, ‘World’s Best Business Class Airline Lounge’, and ‘Best Airline in the Middle East’. As leaders in industry innovation and digital adoption, Qatar Airways was also recently voted the ‘World’s Best Airline Website’ by World Travel Tech Awards.
Qatar Airways was the first Airline in the Middle East to be certified to the highest level of IATA’s Environmental Assessment (IEnvA) programme, based on recognised environmental management system principles (such as ISO 14001). As an inaugural signatory to the Buckingham Palace Declaration in March 2016, Qatar Airways became the first airline globally to be certified to the industry standard for the prevention of illegal wildlife trafficking in aviation.
Qatar Airways currently flies to over 170 destinations worldwide, connecting through its Doha hub, Hamad International Airport, the ‘World’s Best Airport’, as voted by Skytrax in 2021, 2022, and 2024. In 2024, Hamad International Airport also received the ‘Best Airport in the Middle East’ accolade for 10 consecutive years, as well as ‘World’s Best Airport Shopping’ for the second year in a row.
Media Contact:
Qatar Airways Group
Corporate Communications Department
qrmedia@qatarairways.com.qa
+974 4022 2200
Source: Qatar Airways
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