Qatar Airways CEO Akbar Al Baker has announced the carrier still intends to proceed with its planned dual-listing IPO on the local Doha bourse and the London Stock Exchange. The carrier is targetting a listing in 2013 or 2014
Qatar Airways reported that its 1Q2011 passenger numbers have missed the company's target by 3% and revenue is down 6% due to unrest in Middle East/North Africa. Mr Al Baker stated the carrier achieved a net profit of USD205 million in the 12 months to 31-Mar-2011, with net profit expected to be "very healthy" in 2010-11.
Selected Middle East & African share price movements (% change): 19-Apr-2011