QATAR Cargo recorded a double-digit improvement in cargo revenues during the 2024/25 fiscal year, while there was a smaller increase in cargo carried.
The Doha-hubbed airline saw total revenues for the fiscal year running to the end of March increase 17.5 per cent year on year to QAR17.9billion (US$4.9 billion).
However, cargo tonnes carried increased by the lower amount of 1.9 per cent year on year to 3.1 million tonnes.
The carrier said it remained the largest cargo airline in the world last year with a market share of 7.1 per cent, according to IATA statistics.
The higher revenues outpaced improved airfreight rates for the year, while the tonnage increase lagged behind overall market performance as the air cargo industry registered a double-digit demand increase last year.
The airline attributed its performance last year to its agility in adapting to shifting market conditions, a focus on investing in digitalisation, deeper data-driven analyses and its best-in-class reliability.
'Investments in fleet expansion and network enhancements enabled new freighter services to Abu Dhabi and Sharjah in the UAE, Vienna, Austria, Kuala Lumpur, Malaysia and London Heathrow, UK. In Asia, frequencies were added to Hong Kong and China,' Qatar Airways said in its results statement.
The carrier also focused on further developing its partnerships covering cargo, specifically with MASkargo, e-commerce logistics firm Cainiao, Japan Airlines Cargo, Qatar Postal Services Company (Qatar Post) and MotoGP.
The overall airline group saw annual net profits increase 28 per cent year on year to QAR7.8 billion on the back of record passenger numbers.
SeaNews Turkey
The Doha-hubbed airline saw total revenues for the fiscal year running to the end of March increase 17.5 per cent year on year to QAR17.9billion (US$4.9 billion).
However, cargo tonnes carried increased by the lower amount of 1.9 per cent year on year to 3.1 million tonnes.
The carrier said it remained the largest cargo airline in the world last year with a market share of 7.1 per cent, according to IATA statistics.
The higher revenues outpaced improved airfreight rates for the year, while the tonnage increase lagged behind overall market performance as the air cargo industry registered a double-digit demand increase last year.
The airline attributed its performance last year to its agility in adapting to shifting market conditions, a focus on investing in digitalisation, deeper data-driven analyses and its best-in-class reliability.
'Investments in fleet expansion and network enhancements enabled new freighter services to Abu Dhabi and Sharjah in the UAE, Vienna, Austria, Kuala Lumpur, Malaysia and London Heathrow, UK. In Asia, frequencies were added to Hong Kong and China,' Qatar Airways said in its results statement.
The carrier also focused on further developing its partnerships covering cargo, specifically with MASkargo, e-commerce logistics firm Cainiao, Japan Airlines Cargo, Qatar Postal Services Company (Qatar Post) and MotoGP.
The overall airline group saw annual net profits increase 28 per cent year on year to QAR7.8 billion on the back of record passenger numbers.
SeaNews Turkey
