Qatar Airways lost an opportunity to make its financial year 2025/2026 its best in history after being confronted with the effects of the Middle East crisis in March. The drastic capacity reduction in the final month cost it precious revenues. Yet, the airline reported a QR 7.08 billion ($1.9 billion) net profit.
Total revenues stood at QR 83.8 billion, down from QR 86 billion in FY2024/2025. But if you calculate monthly revenues at roughly QR 7.0 billion, it shows what the impact from the March crisis must have been. Without it, Qatar’s revenues could likely have reached around QR 90 billion, the highest in its history.
The airline carried 41.8 million passengers, down from 43.1 million in the previous year. Again, at a monthly average of 3.6 million, the FY2025/2026 number would have surpassed previous years. In the first week of March, Qatar operated just 18 flights out of Doha Hamad International, according to data from FlightRadar24. Only on March 17, flights exceeded 100 at 131 a day, but two days later, the airline temporarily parked excess capacity aircraft in Teruel (Spain).
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