New York: Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years leading the company. Al Baker's retirement will go into effect November 5, Qatar Airways said on Monday. He will be succeeded by Badr Mohammed Al-Meer who currently serves as the chief operating officer of Hamad International Airport in Doha, the hub of Qatar's national carrier.
In Monday's announcement, Qatar Airways said that it has grown to become one of the most recognisable and trusted brands globally under Al Baker's leadership. The company pointed to seven World's Best Airline wins, among other allocates. During his tenure at Qatar Airways, Al Baker became known for being one of the most outspoken leaders in the airline industry with a hard-changing, sometimes confrontational approach that carried into negotiations with manufacturers and others.
Al Baker has also made some controversial comments over his career including suggesting that women can't run airlines and for calling American carriers crap and that their passengers were always being served by grandmothers. He later apologised for both remarks. Last year, Al Baker lashed out at critics of Qatar hosting the FIFA World Cup, saying his nation will always rub salt into the wound of its adversaries following concerns from some other countries and soccer teams over how Qatar manages its vast population of low-paid migrant workers and its stance on LGBTQ rights.
In July, Qatar Airways reported a profit of USD 1.2 billion over the last fiscal year, boosted in part by the country's hosting of the 2022 FIFA World Cup. That's down slightly from the USD 1.5 billion profit posted the year prior in part due to a spike in operating expenses, particularly in jet fuels as energy prices rose after the grip of the pandemic loosened and air travel resumed. Qatar Airway's earned revenue of USD 20.9 billion over the fiscal year, up from USD 14.4 billion the year before.
