Latest news with #BadrMohammedAlMeer
Bloomberg
7 days ago
- Business
- Bloomberg
Qatar Airways CEO & Ex Virgin Australia CEO on Aviation Industry
Qatar Airways CEO Badr Mohammed Al Meer and Former Virgin Australia CEO Jayne Hrdlicka spoke to Bloomberg's Francine Lacqua at the Qatar Economic Forum on the future of the aviation industry, and the growing competition between Airbus and Boeing, the two leading global manufacturers of commercial aircraft. (Source: Bloomberg)
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
QRDI, Qatar Airways sign pact to accelerate innovation in aviation
QNA Doha Qatar Research, Development, and Innovation (QRDI) Council and Qatar Airways have signed a strategic memorandum of understanding (MoU) on the second day of the Qatar Economic Forum, aimed at accelerating innovation in aviation, transport, and logistics, while enhancing Qatar's global competitiveness in these critical sectors. The agreement was formally signed by Secretary-General of the QRDI Council Omar Al Ansari and Group Chief Executive Officer of Qatar Airways Eng. Badr Mohammed Al Meer, marking an important step in fostering impactful collaboration between two of Qatar's leading entities. Commenting on the announcement, Al Ansari said, 'This MoU establishes a strong foundation for Qatar to emerge as a global hub for transformative innovation. Through this collaboration, we aim to attract world-leading partners, accelerate the deployment of high-impact technologies, and elevate national innovation clusters to global prominence, contributing meaningfully to the goals outlined in the Third National Development Strategy (NDS3).' For his part, Al Meer said, 'Qatar Airways Group's has consistently been recognised as an innovation leader, with a strong commitment for redefining the benchmarks of excellence in the aviation industry. This partnership represents a strategic cornerstone in our diverse and vibrant innovation partner ecosystem. It will accelerate our digital transformation, putting us even further ahead of our competition and making us even more synonymous with keeping innovation at the heart of whatever we do at Qatar Airways.' He added that the MoU 'creates a transformative opportunity to contribute towards elevating the nation's position on the global innovation index and firmly establishing Qatar as the preferred global hub of the Aviation Tech industry by providing fertile ground to develop, test and scale innovative next-generation solutions.' The agreement establishes a structured and phased approach to collaboration, focusing on the development of an innovation cluster around the aviation, transport, and logistics sectors. The strategic framework includes transformational innovation, challenge-driven initiatives, and the integration of artificial intelligence and digital innovation as key enablers for future projects. The partnership also aims to ensure strategic alignment with the objectives of Qatar's Third National Development Strategy (NDS3), with a focus on strengthening priority industries, fostering local innovation, and contributing to sustainable economic growth through targeted investments, funding, and innovation policies. The partnership also represents a significant milestone in both organisations' commitment to placing innovation at the core of national development and ultimately aims to elevate Qatar's position in the global innovation index. Having this partnership solidified at the Qatar Economic Forum reinforces its strategic importance and reflects a shared vision to drive Qatar's innovation-led future on a global scale.
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
Qatar Airways posts record QR7.85 bn net profit
Tribune News Network Doha The Qatar Airways Group has reported a record net profit of QR7.85 billion ($2.15 billion) for the 2024/25 fiscal year, marking an increase of QR1.7 billion ($0.5 billion) compared to the previous year. The milestone was highlighted in the airline's latest annual report, which reflects the strongest financial performance in the group's history. The exceptional results span all major divisions, including Qatar Airways Cargo, Qatar Aircraft Catering Company, and Qatar Duty Free. Qatar Airways Cargo has delivered a remarkable financial performance, recording a 17 percent growth in revenue and achieving the best financial results since the COVID period. This is attributed to its agility in adapting to shifting market conditions, a focus on investing in digitalization, deeper data-driven analyses, and its best-in-class reliability. Minister of State for Energy Affairs and Qatar Airways Group Chairman of the Board of Directors HE Saad bin Sherida Al Kaabi commented: 'These financial results show yet again Qatar Airways Group's leadership position not just in global aviation, but in driving the global economy. The achievements across the 24/25 financial year continue to position the airline and Group as a global economic force. This is not just a product of our employees' hard work, but of thoughtful, deliberate and strategic planning, which has allowed the business to thrive in a stable and sustainable way. Record-breaking profitability, underpinned by sound business decisions, is a hallmark of our success and I have every confidence that we'll see it continue.' Qatar Airways Group Chief Executive Officer Eng. Badr Mohammed Al Meer said: 'These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. I know that none of the outstanding results we're announcing today would be possible without our people— more than 55,000 of them across the globe — and it's our focus on fostering that talent which has been a core focus of our Qatar Airways 2.0 strategy.' 'We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to remain agile in the face of ever-shifting world events, whether political, economic or environmental,' he added. 'All of this means we continue to offer and develop exceptional service in the skies, whether it's the award-winning Qsuite, fine dining, or super-fast complimentary Starlink internet connectivity for all passengers,' he noted. Key achievements of Qatar Airways Group over the last financial year include record-breaking 28% increase in profit in 24/25 financial year, and expansion of Hamad International Airport, enabling it to cater for 65m passengers annually. Al Meer noted that Qatar Airways is the first global airline, and first in MENA region, to install Starlink super-fast WiFi on its Boeing 777 fleet, in addition to a 25% minority stake in Virgin Australia, and a 25% acquisition of South African premier regional airline, Airlink. The achievements also include the introduction of AI into its world-first digital cabin crew, Sama. Al Meer also highlighted the signing of a range of technical MoUs, aimed at future-proofing and diversifying the business across the aviation sector, as well as working to fulfill the ambitions of the Qatar National Vision 2030.
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
Qatar Airways Group announces strongest financial results in its history
DOHA: Qatar Airways Group has announced the strongest set of financial results in its history. Profits for the Group, which includes cargo, catering and Qatar Duty Free, reached QR7.85bn ($2.15bn) in the 24/25 fiscal year – an increase of more than QR1.7bn ($0.5bn) on the year before. Qatar Airways Cargo, the world's leading cargo carrier, has delivered a remarkable financial performance, recording a 17% growth in revenue and achieving the best financial results since the COVID period. This is attributed 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. Qatar Airways Group Chief Executive Officer, Eng Badr Mohammed Al Meer, said: 'These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. I know that none of the outstanding results we're announcing today would be possible without our people – more than 55,000 of them across the globe - and it's our focus on fostering that talent, which has been a core focus of our Qatar Airways 2.0 strategy. 'We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to remain agile in the face of ever-shifting world events, whether political, economic or environmental. 'All of this means we continue to offer and develop exceptional service in the skies, whether it's the award-winning Qsuite, fine dining, or super-fast complimentary Starlink internet connectivity for all passengers.' Key achievements of Qatar Airways Group over the last financial year include: Record-breaking 28% increase in profit in 24/25 financial year. Expansion of Hamad International Airport, enabling it to cater for 65m passengers annually. First global airline, and first in MENA region, to install Starlink super-fast WiFi on its Boeing 777 fleet. 25% minority stake in Virgin Australia. 25% acquisition of South African premier regional airline, Airlink. Introduction of conversational AI into its world-first digital cabin crew, Sama. A range of technical MoUs future-proofing and diversifying the business across the sector, as well as working to fulfil the ambitions of the Qatar National Vision 2030. Looking ahead, Qatar Airways also recently made historic aircraft and engine orders, ensuring that its already modern and technologically-advanced fleet remains at the forefront of commercial aviation, providing world-leading service to passengers across the globe. Annual Report and Consolidated Financial Statements 2025:
Yahoo
19-05-2025
- Business
- Yahoo
Qatar Airways reports earning a $2.15 billion profit in its last fiscal year, a record for carrier
DUBAI, United Arab Emirates (AP) — The holding company that owns Qatar Airways reported Monday it earned a $2.15 billion profit in its last fiscal year, its highest-ever profit off the back of record passenger numbers as global aviation bounces back after the coronavirus pandemic. The state-owned carrier reported revenues of $23.4 billion overall in the results, up from $22.1 billion the year before. Its fiscal year profits in the prior reporting period were $1.6 billion. 'These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group," said group CEO Badr Mohammed al-Meer in a statement. Qatar Airways, along with Abu Dhabi-based Emirates and Dubai's Emirates, are long-haul carriers that link East-West travel. Their location on the Arabian Peninsula between Europe and Asia have made them a key link in global transit. Qatar Airways also got a boost when the small, energy-rich nation hosted soccer's 2022 FIFA World Cup. Qatar Airways reported carrying 43.1 million passengers, up from the prior financial year's 40 million. Its fleet includes over 230 aircraft, which is a mix of Airbus and Boeing long-haul and medium-range planes. The Qatar Airways Group includes the airline, its cargo service, the country's airport operator and Qatar Duty Free. Its financial year runs from April 1 to March 31. The announcement follows long-haul carrier Emirates earlier this month saying that it earned annual profits of $5.2 billion, with the state-owned firm declaring itself the world's most profitable airline. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
