Qatar Airways Group posts 10% fall in profits after Middle East conflict

Qatar Airways Group has posted a 10% year-on-year decline in net profit and a 3% drop in passenger numbers for 2025/26, the final weeks of which were impacted by the Middle East conflict.

The group, which continues to rebuild its network, carried 41.8 million passengers in the financial year, compared with 43.1 million in 2024/25.

Net profit for the year was QAR 7.08 billion ($1.94 billion), down from QAR 7.8 billion ($2.15 billion).

Total assets rose to QAR 177,578 million ($48,765 million) from last year’s QAR 171,149 million ($47,000 million), with total equity up to QAR 75,405 million ($20,707 million) following last year’s QAR 59,086 million ($16,226 million).

Qatar Airways Group chief executive Hamad Al-Khater said: “It is not often that a single financial year asks an organisation to demonstrate both the best of what it can achieve and the depth of what it can withstand. The 2025/26 financial year did both, and the Qatar Airways Group rose to each in turn.

“These results speak to the strength of this Group across every measure that matters – a strong balance sheet, industry-leading operations, partnerships of real depth, and people who maintained the standards this Group is known for, even under the most demanding conditions.

“Behind every result are 57,800 people, working across more than 90 countries. In the final weeks of the financial year, many of them were managing an active crisis with a standard of professionalism that defines this organisation as much as any financial metric, and it deserves to be recognised.

“We are actively rebuilding our global network with the confidence that comes from a balance sheet that has never been stronger, partnerships that proved their depth when we needed them most, and an organisation that has demonstrated, under genuine pressure, exactly what it is capable of.”