AACO Doha 2026: Record 2025 Profit Before 2026 $4.3bn Loss Forecast

The 59th Annual General Meeting of the Arab Air Carriers’ Organisation (AACO) met in Doha (2–4 November 2026), hosted by Qatar Airways under the patronage of H.E. Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani. 

AACO has 39 member airlines and five partner carriers (AJet, Fly Jinnah, IAG, Pegasus Airlines, Turkish Airlines). The event brought together over 200 aviation leaders and global regulators. 

Host and Qatar Airways Group CEO Mr Hamad Al-Khater emphasised: “Our priority, together with our fellow AACO members, is to build on the partnerships this year has deepened, strengthening the resilience of our region and advancing a shared vision for the future of Arab aviation”.

State of the Arab Aviation Sector

Key takeaways:

  • State of the Industry: AACO Secretary General Mr Abdul Wahab Teffaha noted that Arab carriers expanded their global market share from 2% in 1980 to nearly 10% in 2025, providing a vital cushion for an expected 2026 slowdown.
  • Financial Outlook: Following a record $11bn net profit in 2025, AACO projects a $4.3bn loss in 2026 due to airspace closures, high war-risk insurance premiums, and a decline in load factor, with a drop to 77%
  • Environmental Regulations: The assembly rejected proposed EU ETS expansions and raised concerns over overlapping carbon accounting requirements between regional SAF mandates and ICAO CORSIA.
  • CEO Panel: Moderated by CNN’s Richard Quest, this forum tackled global supply chain failures and operational bottlenecks. It featured regional insights from Abdelhamid Addou (Chairman of the Board & CEO, Royal Air Maroc), Samer Majali (Vice Chairman of the Board / CEO Designated, Royal Jordanian), Martin Gauss (CEO, Gulf Air), and Hamood Al Alawi (Deputy CEO, Oman Air), alongside industry forecasts by George Ferguson (Global Head of Aerospace, Defense and Airline Research, Bloomberg Intelligence).
  • Supply Chain Management Taskforce: AACO will establish a new working group to explore shared spare parts inventories and possible joint procurement to tackle members’ aircraft backlogs (1,734 backlogged vs 1,587 in service).
  • The assembly also adopted a formal resolution condemning attacks against civil aviation and civilian airport infrastructure. 

AACO now turns its focus towards the 60th AGM in Egypt in 2027, hosted by EgyptAir.

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