Qatar Airways reported reduced annual profits as Middle East conflict disrupted air traffic, despite carrying more than 41.8 million passengers. The state-owned airline faces challenges as regional mediators work to end fighting that has closed airspace and increased jet fuel costs.

Military activity beginning February 28 affected Gulf carriers including Qatar Airways, Emirates, and Etihad, which operate vital hubs connecting global travel and trade. Despite these obstacles, Qatar Airways maintained its cargo division's 12% global market share through Hamad International Airport.

Chief Executive Hamad Al-Khater acknowledged the final weeks required managing an "active crisis" while actively rebuilding the airline's global network. The carrier continues benefiting from strong long-haul travel demand and cargo operations through Doha's strategic hub.