Aviation Intelligence Database · Airline profile
Airline profile
Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.
At a glance
Latest reported period
Trends
Performance over time
Headline metrics and correctly labelled unit economics, FY2022 to the latest period.
Metrics
Full-year history
Analysis
What the numbers say
More detail
Additional disclosures
Guidance vs actual
Did the airline deliver?
What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.
Fleet & orders
Fleet composition
Key events
What moved the numbers
Peers
Compare with peers
FAQ
Frequently asked questions
Methodology
How to read this page
Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. Core metrics follow the Airline comparison tool.
- Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
- Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
- YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
- Operating margin uses operating profit or EBIT ÷ revenue. EBITDA, EBITDAR and their margins are separate disclosures and are not substitutes for operating profit or margin. Company-defined measures keep their source labels (marked D).
- Sources: annual reports, interim results and traffic statements. See Data & Research.
Quick answers
Is Qatar Airways profitable?
Yes. Qatar Airways reported an operating profit of QAR15.2bn in FY2025/26 (year to 31 Mar 2026), a 18.1% margin.
What was Qatar Airways’s revenue in 2026?
Qatar Airways reported revenue of QAR83.75bn in FY2025/26 (year to 31 Mar 2026).
Company-reported figures from our airline database. Definitions, currencies and reporting periods differ between airlines; see the tables on this page and the comparison tool for detail.
Text version of the Qatar Airways data on this page
Qatar Airways data snapshot
- Scope: Qatar Airways Group (incl. cargo and other aviation businesses)
- Region: Middle East
- Business model: Global network group
- Financial year end: 31 Mar
- Reporting currency: QAR
- Source: Annual reports & official results releases
- Latest period: FY2025/26
- Last updated: 2026-09-24
Historical read
Qatar Airways expanded ASK from 209.6bn in FY2022/23 to 262.9bn in FY2024/25 while load factor increased from 80% to 85%. The same period saw revenue rise from QAR 76.3bn to QAR 86.0bn and net profit from QAR 4.4bn to QAR 7.85bn. FY2025/26 delivered a record QAR 15.2bn operating profit on revenue of QAR 83.75bn.
Reported metrics by period
Annual results
- FY2026 (FY2025/26 · 31 Mar 2026): Passengers: 41.8m+ (Annual); Revenue: QAR 83.75bn (Revenue); Operating profit / result: QAR 15.2bn op. (Operating profit; record); Fleet size: 300+ (Aircraft); Net profit: QAR 7.08bn (Net profit); Employees: 57,800+ (Employees); Cash / liquidity: QAR 10.978bn (Cash and cash equivalents at 31 Mar 2026); Operating margin: 18.1% (Operating profit ÷ revenue) [Calculated]. Source: Qatar Airways Group FY2025/26 audited financial statements.
- FY2025 (FY2024/25 · 31 Mar 2025): Passengers: 43.145m; Revenue: QAR 86.023bn (Revenue & other operating income); Operating profit / result: QAR 14.663bn op. (Operating profit); Load factor: 85% (Load factor; latest directly comparable annual series); Capacity / ASK: 262.871bn ASK (Capacity); Cash / liquidity: QAR 42.358bn (Cash, equivalents & deposits); Net debt / cash / leverage: QAR 64.379bn net debt (Interest-bearing loans and lease liabilities); Fleet size: 292 (Aircraft); Revenue passenger km (RPK): 223.968bn (RPK); Passenger revenue: QAR 60.650bn; EBITDA / EBITDAR: QAR 17.950bn (EBITDA; 20.9% margin) [Defined]; Net profit: QAR 7.851bn; Shareholders’ equity: QAR 59.086bn (Total equity). Source: Qatar Airways Group FY2024/25 annual report.
- FY2024 (FY2023/24 · 31 Mar 2024): Passengers: 40.015m; Revenue: QAR 80.961bn (Revenue & other operating income); Operating profit / result: QAR 13.412bn op. (Operating profit); Load factor: 83%; Capacity / ASK: 252.869bn ASK (Capacity); Cash / liquidity: QAR 46.461bn (Cash, equivalents & deposits); Net debt / cash / leverage: QAR 73.504bn net debt (Interest-bearing loans and lease liabilities); Fleet size: 284 (Aircraft); Revenue passenger km (RPK): 210.494bn (RPK); Passenger revenue: QAR 59.134bn; EBITDA / EBITDAR: QAR 16.744bn (EBITDA as restated in FY2024/25 annual report; 20.7% margin) [Defined]; Net profit: QAR 6.111bn; Shareholders’ equity: QAR 45.187bn (Total equity). Source: Qatar Airways Group FY2023/24 results.
- FY2023 (FY2022/23 · 31 Mar 2023): Passengers: 31.747m; Revenue: QAR 76.274bn (Revenue & other operating income); Load factor: 80%; Capacity / ASK: 209.617bn ASK (Capacity); Fleet size: 265 (Aircraft); EBITDA / EBITDAR: QAR 17.8bn (EBITDA; 23.0% margin) [Defined]; Net profit: QAR 4.4bn. Source: Qatar Airways Group FY2022/23 results.
Fleet
Total fleet: 300+ aircraft (as of 31 Mar 2026). The large future fleet programme will shape ASK growth and balance-sheet requirements as the fleet expands beyond 300 aircraft.
| Fleet fact | Value | Context |
|---|---|---|
| Aircraft, FY2025/26 | 300+ | 292 at FY2024/25; 284 at FY2023/24; 265 at FY2022/23 |
| Cargo carried, FY2025/26 | 2.8m+ t | 3.102m t in FY2024/25 |
| Employees, FY2025/26 | 57,800+ | Reported |
| Load factor, FY2024/25 | 85% | Latest directly comparable annual series |
Financial history
| Period | Revenue & other operating income | Passenger revenue | Operating profit | EBITDA | EBITDA margin | Net profit |
|---|---|---|---|---|---|---|
| FY2022/23 | QAR 76.274bn | Not separately shown here | — | QAR 17.8bn | 23.0% | QAR 4.4bn |
| FY2023/24 | QAR 80.961bn | QAR 59.134bn | QAR 13.412bn | QAR 16.744bn* | 20.7%* | QAR 6.111bn |
| FY2024/25 | QAR 86.023bn | QAR 60.650bn | QAR 14.663bn | QAR 17.950bn | 20.9% | QAR 7.851bn |
| FY2025/26 | QAR 83.75bn | Not separately shown in summary | QAR 15.2bn | Not separately shown in summary | — | QAR 7.08bn |
*The FY2024/25 annual report restates the FY2023/24 comparative EBITDA as QAR 16.744bn and margin as 20.7%. The earlier FY2023/24 press release described EBITDA as QAR 19.1bn / 24%; the page uses the later annual-report comparative for consistency with FY2024/25.
Traffic and capacity history
| Period | Passengers | ASK | RPK | Load factor | Cargo carried | Aircraft |
|---|---|---|---|---|---|---|
| FY2022/23 | 31.747m | 209.617bn | Not separately shown here | 80% | 2.695m t | 265 |
| FY2023/24 | 40.015m | 252.869bn | 210.494bn | 83% | 3.044m t | 284 |
| FY2024/25 | 43.145m | 262.871bn | 223.968bn | 85% | 3.102m t | 292 |
| FY2025/26 | 41.8m+ | Not separately shown in public summary | Not separately shown in public summary | Not separately shown in public summary | 2.8m+ t | 300+ |
The FY2024/25 sustainability table provides the cleanest directly comparable ASK/RPK/load-factor series. FY2025/26 is kept to the metrics published in the public annual-report summary rather than inferring the missing values.
Balance sheet history
| Period | Cash, equivalents & deposits | Net debt | Total equity | Total assets |
|---|---|---|---|---|
| FY2023/24 | QAR 46.461bn | QAR 73.504bn | QAR 45.187bn | QAR 163.639bn |
| FY2024/25 | QAR 42.358bn | QAR 64.379bn | QAR 59.086bn | QAR 171.149bn |
Net debt is the Qatar Airways Group annual-report definition covering interest-bearing loans and lease liabilities.
Current scale and fleet
| Metric | Value | Context |
|---|---|---|
| FY26 aircraft | 300+ | Group fleet |
| FY26 cargo | 2.8m+ t | Cargo carried |
| FY26 employees | 57,800+ | Reported |
| FY25 load factor | 85% | Latest directly comparable annual series |
EBITDA restatement
The FY2024/25 annual report restates the FY2023/24 comparative EBITDA as QAR 16.744bn and margin as 20.7%. The earlier FY2023/24 press release described EBITDA as QAR 19.1bn / 24%; the page uses the later annual-report comparative for consistency with FY2024/25.
Traffic series
The FY2024/25 sustainability table provides the cleanest directly comparable ASK/RPK/load-factor series. FY2025/26 is kept to the metrics published in the public annual-report summary rather than inferring the missing values.
Net debt
Net debt is the Qatar Airways Group annual-report definition covering interest-bearing loans and lease liabilities.
Margin
Operating margin is calculated as operating profit ÷ revenue and other operating income. FY2022/23 operating profit is not shown, so no operating margin is given for that year; the company’s EBITDA margin was 23.0%.
Sources and methodology
Figures use Qatar Airways Group annual reports and official results releases. The Group reporting perimeter includes cargo and other aviation businesses, so these financial figures should not be treated as a passenger-airline-only P&L.
Outlook
What to watch:
- Passenger recovery: whether volumes recover after the geopolitical disruption that affected the end of FY2025/26.
- Fleet programme: how the large future fleet programme translates into ASK growth and balance-sheet requirements.
- Profitability: whether operating profit can remain strong as group revenue moderates.
- Cargo mix: the relationship between passenger and cargo capacity as the fleet expands beyond 300 aircraft.
Peers
- Emirates — Global network · Middle East
- Etihad — Global network · Middle East
- Turkish Airlines — Global network group · Europe