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World
World
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AIR CARGOIR CARGO

Akbar Al Baker steps down as Qatar Airways CEO

kbar Al Baker, CEO, Qatar Al Baker has spearheaded
AAirways Group, will be the growth of Qatar Airways,
stepping down from his which currently flies to more
position w.e.f November 5, 2023. than 160 destinations and 70
Al Baker has been leading freighter destinations world-
the national airline for 27 wide, connecting through its
years, and is also the CEO of Doha hub Hamad Interna-
Hamad International Airport tional Airport.
and chairman of Oneworld. "Qatar Airways has grown
He worked at various levels to become one of the most
in the Civil Aviation Directo- recognisable and trusted air-
rate before becoming Qatar line brands globally, synony-
Airways’ CEO in 1997. mous with customer service
Al Baker will be succeeded quality and the highest of
by Badr Mohammed Al-Meer standards," Al Baker wrote in
as Group Chief Executive, his last statement to all em-
Qatar Airways. ployees of Qatar Airways.

Boeing Q3 revenue up 13%, American, United, Delta Q3 cargo

net loss down to $1.7bn revenue decline

oeing reported a 13 of certain 737 airplanes.
Bpercent increase in Boeing, however, expects
revenue at $18.1 billion for to complete the final as-
the third quarter ended sembly transition to 38 per
September 30, 2023 and net month by year-end with
loss declined to $1.7 billion plans to increase to 50 per
from $3.3 billion in Q32022. month in the 2025/2026
Commercial airplanes timeframe.
revenue increased 25 per- During the quarter,
cent to $7.9 billion driven commercial airplanes
by higher 787 deliveries. booked 398 net orders merican Airlines reported a at $333 million for Q32023 and
Operating margin of (8.6) including 150 737 MAX A31 percent decline in cargo down 36 percent to $1.1 billion
percent also reflects lower 10 airplanes for Ryanair, revenue at $193 million for the for the first nine months of 2023.
737 deliveries as well as 50 787 airplanes for third quarter ended September Cargo revenue tonne miles
abnormal costs and period United Airlines and 39 787 30, 2023 on weak rates. (tonnes carried multiplied by
expenses including re- airplanes for Saudi Ara- While cargo tonne miles the number of miles flown) for
search and development. bian Airlines. Commercial increased 2.5 percent to 490 mil- Q32023 was up 4.5 percent at 766
On the 737 programme, airplanes delivered 105 air- lion, cargo yield per tonne mile million but was flat at 2.3 billion
during the quarter, a sup- planes during the quarter, dropped 33 percent to 39.3 cents for the first nine months of 2023.
plier non-conformance and the backlog included from 58.30 cents in Q32022. Delta Air Lines reported a
was identified on the aft over 5,100 airplanes valued For the nine months ended 36 percent decline in cargo
pressure bulkhead section at $392 billion. September 30, cargo revenue revenue at $154 million for the
was down 37 percent to $613 third quarter ended September
million on 29 percent drop 30, 2023 compared to $240 mil-
in yield to 45.78 cents and 12 lion in Q32022. For the first nine
percent decline in tonne miles months of 2023, cargo revenue
to 1.3 billion. dropped 33 percent to $535
United Airlines reported a 33 million from $810 million in the
percent decline in cargo revenue first nine months of 2022.

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