Audited figures show the carrier made £424.4 million for the year to the end of March 2017, compared with £348.8 million in the previous 12 months. The 21.7% increase follows a 10.4% rise in revenue to £8.37 billion.
The airline also marked major expansion last year, increasing Available Seat Kilometres (the number of available seats multiplied by the number of miles flown) by nearly 22%.
The carrier’s group chief executive Akbar Al Baker said: “Our annual results once again reflect the success of our expansion and growth strategy that has seen the Qatar Airways Group grow from a small regional airline into an aviation powerhouse over the last two decades.”