Oman Air expansion continues
Oman Air’s fleet and route map continued to grow in 2016, but the airline’s financial performance remained unclear after it announced its annual financial report. Despite the document’s title, few details were given, notably in terms of profit and loss. The carrier’s revenues in 2016 inched upwards by 1% compared to 2015, to OMR472m (US$1.2b), but no figures were given to compare against 2015’s net loss of OMR86m. The airline, which has been consistently loss-making, has been slowly reducing its deficit in recent years and had been aiming to reach breakeven by the end of 2017. The carrier’s losses have been underwritten by the Omani govt, but that support has been dropping sharply. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-11/unaligned/oman-air-expansion-continues
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Oman Air expansion continues
Oman Air’s fleet and route map continued to grow in 2016, but the airline’s financial performance remained unclear after it announced its annual financial report. Despite the document’s title, few details were given, notably in terms of profit and loss. The carrier’s revenues in 2016 inched upwards by 1% compared to 2015, to OMR472m (US$1.2b), but no figures were given to compare against 2015’s net loss of OMR86m. The airline, which has been consistently loss-making, has been slowly reducing its deficit in recent years and had been aiming to reach breakeven by the end of 2017. The carrier’s losses have been underwritten by the Omani govt, but that support has been dropping sharply. <br/>
