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Qatar Airways CEO: No Plans For LCC, $230m Profit  
User currently onlineQatarA340 From Qatar, joined May 2006, 1887 posts, RR: 10
Posted (3 years 6 months 2 weeks 3 days 20 hours ago) and read 3469 times:

Quote:
DOHA: Qatar Airways currently has no plans to launch low-cost carrier (LCC) with the very good performance the national airline has shown in the last three years, its chief executive officer said yesterday...

Al Baker said the company’s net profits totalled $205m for the 2009-10 fiscal and over $230m in 2010-11 adding for the current fiscal year, revenue reached more than $6.5bn.

Asked about plans to convert A330s to freighters, he said: “The first aircraft will go next year when the entity that will be converting is formalised. Around 20 cargo A330s both 200s and 300s will be converted to freighters.”


With net profits for 2010-11 more than one billion Riyals, this company is not bleeding money as what people in this forum are claiming for some reason.

The first A330 will leave in 2012! And they have plans to convert 20 of them into Cargo planes.

It is poised to become one of the largets cargo carriers in the world soon.

Souce: http://www.thepeninsulaqatar.com/qat...for-low-cost-carrier-al-baker.html


لا اله الا الله محمد رسول الله
18 replies: All unread, jump to last
 
User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1656 posts, RR: 1
Reply 1, posted (3 years 6 months 2 weeks 3 days 20 hours ago) and read 3453 times:

And also the IPO is on the horizon.

http://www.kippreport.com/2011/06/qatar-airways-may-go-public-in-2011/


User currently offlinexkorpyoh From United States of America, joined Oct 2004, 821 posts, RR: 0
Reply 2, posted (3 years 6 months 2 weeks 3 days 10 hours ago) and read 3044 times:

What I heard from a former QR employee in HR is that internally it was a mess and not a healthy place to work (she moved to Doha from London for the job). She said that it is a revolving door with personnel... lots of people coming and going all the time and that the airline really never made any money (while she was there at least). She quit and got another job back in London.

User currently offlineRaptor1090 From United Arab Emirates, joined May 2011, 82 posts, RR: 0
Reply 3, posted (3 years 6 months 2 weeks 3 days 9 hours ago) and read 2948 times:

Quoting xkorpyoh (Reply 2):
What I heard from a former QR employee in HR is that internally it was a mess and not a healthy place to work (she moved to Doha from London for the job). She said that it is a revolving door with personnel... lots of people coming and going all the time and that the airline really never made any money (while she was there at least). She quit and got another job back in London.

Yeah, human resource and its management is not very professional and/or extensive in the Middle Eastern countries, especially in the local companies. It's only with the rise of MNCs that some degree of HRM is present. What you say may very well be true, but with the tremendous growth of QR, they would've stepped up their game considerably over the recent years.

[Edited 2011-06-15 09:55:03]

User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17829 posts, RR: 46
Reply 4, posted (3 years 6 months 2 weeks 3 days 8 hours ago) and read 2908 times:

Quoting QatarA340 (Thread starter):
With net profits for 2010-11 more than one billion Riyals, this company is not bleeding money as what people in this forum are claiming for some reason.

A short list of things I don't believe for an instant:

Al Baker
FIFA
Qatar
QR making money



E pur si muove -Galileo
User currently offlinesmi0006 From Australia, joined Jan 2008, 1558 posts, RR: 0
Reply 5, posted (3 years 6 months 2 weeks 3 days 8 hours ago) and read 2904 times:

I imagine it wouldn't hurt that QR also own and run DOH as an airport.... I would imagine BA would love to own LHR, AA LAX, CX HKG, QF SYD....


From the Doha international airport website:http://www.dohaairport.com/en/about_us/vision_missions/vision_missions.html?

Akbar Al Baker
CEO
Doha International Airport

Akbar Al Baker's Profile

Akbar Al Baker has been instrumental in shaping the development of Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world.Born in Doha, he is a graduate in Economics and Commerce and worked at various levels in the Civil Aviation Directorate before becoming Qatar Airways' CEO in 1997.Mr. Al Baker has, over the last decade, spearheaded the growth of Qatar Airways, which operated only four aircraft in a regional capacity prior to his appointment. Currently Qatar Airways flies 98 aircraft to over 100 destinations across an ever-growing international route network.He is also leading the development of the New Doha International Airport, which opens in phases from 2011.A highly motivated individual, Mr. Al Baker has been a successful businessman in Doha for more than 25 years, holds a private pilot license, and is also CEO of several divisions of Qatar's national airline - these being Qatar Airways Holidays, Qatar Aviation Services, Qatar Duty Free Company, Doha International Airport, Qatar Distribution Company and Qatar Aircraft Catering Company.

Any other major airlines have their CEOs as the CEO for the airport of their home hub? Please don't tell me they operate on the same playing field as their competitors.


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17829 posts, RR: 46
Reply 6, posted (3 years 6 months 2 weeks 3 days 8 hours ago) and read 2874 times:

Quoting smi0006 (Reply 5):
Any other major airlines have their CEOs as the CEO for the airport of their home hub? Please don't tell me they operate on the same playing field as their competitors.

  ...and are an arm/integral part of the government's growth strategy



E pur si muove -Galileo
User currently offlinelightsaber From United States of America, joined Jan 2005, 13552 posts, RR: 100
Reply 7, posted (3 years 6 months 2 weeks 3 days 8 hours ago) and read 2847 times:
Support Airliners.net - become a First Class Member!

Quoting QatarA340 (Thread starter):
With net profits for 2010-11 more than one billion Riyals, this company is not bleeding money as what people in this forum are claiming for some reason.

The profit is impressive. I'll have to admit I'm surprised. Good for QR.

Bad as now Al-Baker will never shut up!   

Quoting QatarA340 (Thread starter):
The first A330 will leave in 2012! And they have plans to convert 20 of them into Cargo planes.

What about the A340s?
I keep hearing about them exiting the fleet, but I see QR still has them...
Qatar Airways Boss Slams A340-600 (by ArabAirX Mar 16 2009 in Civil Aviation)

We've had threads on Al-Baker's comments on the A346 for years, but the planes seem to stick around no matter what Al-Baker says.

I'll admit to being very curious as to how QR deploys their first 787s. IMHO, this will allow them to 'break out' from under EK's shadow and pathfind a significant number of new routes. I'm aware of QR 'pathfinding' ahead of EK before, but right now the 'general public' wouldn't know about that. For QR to maintain long term profits, they must 'steal mindshare' from EK and their new aircraft look to be the right mix to do so.

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently onlineQatarA340 From Qatar, joined May 2006, 1887 posts, RR: 10
Reply 8, posted (3 years 6 months 2 weeks 3 days 3 hours ago) and read 2636 times:

Quoting MaverickM11 (Reply 4):
A short list of things I don't believe for an instant:

Al Baker
FIFA
Qatar
QR making money

you dont have to believe them. you can choose to run away from the truth. lol

Quoting lightsaber (Reply 7):
What about the A340s?
I keep hearing about them exiting the fleet, but I see QR still has them...

They will remove the first class soon according to sources, so they will be there for sometime--now used exclusively for LHR and CDG, with occassional few medium haul routes.



لا اله الا الله محمد رسول الله
User currently offlineKFlyer From Sri Lanka, joined Mar 2007, 1234 posts, RR: 0
Reply 9, posted (3 years 6 months 2 weeks 2 days 22 hours ago) and read 2493 times:

I think we can believe that QR is making 'some' profit. I don't know if that's $200m or not, but in recent times they've hired a lot of talent from other airlines for management positions. And most of the route decisions that QR made recently sound sensible. Of course, we can never reject the fact that they may have gotten considerable cash injections from the government. So it is safe to assume that they are not yet as strong financially as EK is.


The opinions above are solely my own and do not express those of my employers or clients.
User currently offlineturjo101 From Canada, joined Apr 2008, 91 posts, RR: 0
Reply 10, posted (3 years 6 months 2 weeks 2 days 21 hours ago) and read 2469 times:

Quoting MaverickM11 (Reply 4):
A short list of things I don't believe for an instant:

Al Baker
FIFA
Qatar
QR making money

  

I guess you will have trouble believing in the year 2022. I mean that's when FIFA world cup is supposed to take place in Qatar with Al Baker's QR getting the opportunity to make money flying most of the World Cup tourists to and from Qatar.

This is all if we live past 2012.


User currently offlineMCOGVADCA From China, joined Oct 2006, 446 posts, RR: 0
Reply 11, posted (3 years 6 months 2 weeks 2 days 20 hours ago) and read 2430 times:

Quoting AirIndia (Reply 1):
And also the IPO is on the horizon.

Any idea where they will list? The Qatar Exchange, or a larger, more accessible equities market like London?



12 months:pvg hkg bkk doh mxp nce zrh iah lhr gva iad clt lax nrt sin mnl ceb del jai gay vns szx zuh mfm icn can
User currently onlineQatarA340 From Qatar, joined May 2006, 1887 posts, RR: 10
Reply 12, posted (3 years 6 months 2 weeks 2 days 20 hours ago) and read 2399 times:

Quoting MCOGVADCA (Reply 11):
Any idea where they will list? The Qatar Exchange, or a larger, more accessible equities market like London?

Well, I assume its the Qatar Exchange, and I assume its first for Qataris only.



لا اله الا الله محمد رسول الله
User currently offlineLufthansa From Christmas Island, joined May 1999, 3224 posts, RR: 10
Reply 13, posted (3 years 6 months 2 weeks 2 days 17 hours ago) and read 2301 times:

i have a friend working there. What he told me last week... I wont even repeat on here so as not to cause issues with the mods... but this company is internally in a VERY VERY big mess. I was told of stories of flight attedents AND PILOTS abandoning their duties at outposts and never showing up for the return back to doha, a 40% turn over of FA's.. a culture that one would question if its compatible with safety, grossly inadequate facilities at DOH airport... I could name some individual events that nearly made my eyeballs pop out but to do so... on this board... might lead to some of these people in Doha getting fired and they certainly dont deserve it.

I would be highly surprised if this company is where they claim it is. This is no emirates. Even at etihad I would say this may be possible in time and with the right conditions. But this company... Im taking everything with a grain of salt.


User currently offlineAirNZ From , joined Dec 1969, posts, RR:
Reply 14, posted (3 years 6 months 2 weeks 2 days 13 hours ago) and read 2167 times:

Quoting MaverickM11 (Reply 4):
A short list of things I don't believe for an instant:

Al Baker
FIFA
Qatar
QR making money

But it's completely irrelevant to QR whether you do or don't and it's entirely your perogative to guess.....unless of course you have any evidence to the contrary to show it's not a mere guess.


User currently offlinelightsaber From United States of America, joined Jan 2005, 13552 posts, RR: 100
Reply 15, posted (3 years 6 months 2 weeks 2 days 12 hours ago) and read 2084 times:
Support Airliners.net - become a First Class Member!

Quoting QatarA340 (Reply 8):
They will remove the first class soon according to sources, so they will be there for sometime--now used exclusively for LHR and CDG, with occassional few medium haul routes.

Thank you. It does look like they will stick around.

I'm confussed by QR's F class 'strategy.' They'll have F in the A380s, but eventually in no other aircraft. How will they attract F transfer passengers?   

Quoting KFlyer (Reply 9):
And most of the route decisions that QR made recently sound sensible.

I agree they are doing better in that area. IMHO, there will be far more route planning flexibility with the new DOH. Just a little rescheduling should allow QR to up their RASM further.

Quoting turjo101 (Reply 10):
This is all if we live past 2012.

   We're not makining the appropriate sacrifices.   

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently offlineMCOGVADCA From China, joined Oct 2006, 446 posts, RR: 0
Reply 16, posted (3 years 6 months 2 weeks 2 days 8 hours ago) and read 1966 times:

Quoting QatarA340 (Reply 12):
Well, I assume its the Qatar Exchange, and I assume its first for Qataris only

Hmm, interesting. I know a lot of firms want exposure to a gulf airline (currently VERY difficult), but it depends on what QR's goals are for listing whether or not they would cater to multinational equity traders or their own citizenry, or both! This begs the question: what IS the goal of the IPO? Do they need to raise capital (I was under the impression they were awash with funds), or are company insiders trying to lock-in some profits in a company that has emerged as a profitable, global powerhouse?



12 months:pvg hkg bkk doh mxp nce zrh iah lhr gva iad clt lax nrt sin mnl ceb del jai gay vns szx zuh mfm icn can
User currently offlinesq_ek_freak From United Kingdom, joined Dec 2000, 1647 posts, RR: 20
Reply 17, posted (3 years 6 months 2 weeks 2 days 7 hours ago) and read 1902 times:

Quoting MaverickM11 (Reply 4):

Al Baker
FIFA
Qatar
QR making money

Haha! In that order?  
Quoting smi0006 (Reply 5):
Akbar Al Baker has been instrumental in shaping the development of Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world.Born in Doha, he is a graduate in Economics and Commerce and worked at various levels in the Civil Aviation Directorate before becoming Qatar Airways' CEO in 1997.Mr. Al Baker has, over the last decade, spearheaded the growth of Qatar Airways, which operated only four aircraft in a regional capacity prior to his appointment. Currently Qatar Airways flies 98 aircraft to over 100 destinations across an ever-growing international route network.He is also leading the development of the New Doha International Airport, which opens in phases from 2011.A highly motivated individual, Mr. Al Baker has been a successful businessman in Doha for more than 25 years, holds a private pilot license, and is also CEO of several divisions of Qatar's national airline - these being Qatar Airways Holidays, Qatar Aviation Services, Qatar Duty Free Company, Doha International Airport, Qatar Distribution Company and Qatar Aircraft Catering Company.

Please excuse while I go regurgitate my lunch...

Quoting KFlyer (Reply 9):
And most of the route decisions that QR made recently sound sensible. Of course, we can never reject the fact that they may have gotten considerable cash injections from the government. So it is safe to assume that they are not yet as strong financially as EK is.

  

Quoting Lufthansa (Reply 13):
i have a friend working there. What he told me last week... I wont even repeat on here so as not to cause issues with the mods... but this company is internally in a VERY VERY big mess. I was told of stories of flight attedents AND PILOTS abandoning their duties at outposts and never showing up for the return back to doha, a 40% turn over of FA's.. a culture that one would question if its compatible with safety, grossly inadequate facilities at DOH airport... I could name some individual events that nearly made my eyeballs pop out but to do so... on this board... might lead to some of these people in Doha getting fired and they certainly dont deserve it.

To be honest most of my disdain for QR stems from this - I have several friends and several colleagues who jumped ship from QR and all uniformly speak of management at QR with utter detest. Granted, I've only heard from flight deck and cabin crew, but I seriously question the HR policies of an airline that has such a high turnover rate. Good, hard working people lost their jobs for the most inane reasons, or were driven to quit under such duress and horrible circumstances from management. It seems as though there is a real atmosphere of suspicion and backstabbing that has been cultivated amongst crew at QR. It's a shame.



Keep Discovering
User currently offlineKFlyer From Sri Lanka, joined Mar 2007, 1234 posts, RR: 0
Reply 18, posted (3 years 6 months 2 weeks 2 days ago) and read 1761 times:

Lufthansa, sq_ek_freak, I have not heard about any such incidents. But I think it is no surprise if it happens. QR is never EK. And no matter how hard Akbar Al Baker may try, he can never match Maurice Flanagan or TC.


The opinions above are solely my own and do not express those of my employers or clients.
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