Oman Air losses deepen in 2016
Oman Air recorded a sharp deterioration in its financial position in 2016, making a net loss of RO129.8m (US$337.1m) compared to RO86.3m in 2015. Full-year revenue was up 1% at RO4.73b. Last year, the airline was operating in “an increasingly volatile, political and economic climate,” CE Paul Gregorowitsch said. Passenger numbers grew by more than 21%, to 7.7m, while capacity, measured in ASKs, grew 20% to 24.8b. RPKs increased 25.5%, resulting in load factor rising 3% to 74.4%. Last year, net yield with respect to RPK fell by more than 17% across the network to 18.5b “due to a number of external factors,” Gregorowitsch said. “As a result of this, we have modified our growth targets slightly, but enhancing our fleet and network is the way to continue to stimulate demand and create stand out in an increasingly crowded market”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-01/unaligned/oman-air-losses-deepen-in-2016
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Oman Air losses deepen in 2016
Oman Air recorded a sharp deterioration in its financial position in 2016, making a net loss of RO129.8m (US$337.1m) compared to RO86.3m in 2015. Full-year revenue was up 1% at RO4.73b. Last year, the airline was operating in “an increasingly volatile, political and economic climate,” CE Paul Gregorowitsch said. Passenger numbers grew by more than 21%, to 7.7m, while capacity, measured in ASKs, grew 20% to 24.8b. RPKs increased 25.5%, resulting in load factor rising 3% to 74.4%. Last year, net yield with respect to RPK fell by more than 17% across the network to 18.5b “due to a number of external factors,” Gregorowitsch said. “As a result of this, we have modified our growth targets slightly, but enhancing our fleet and network is the way to continue to stimulate demand and create stand out in an increasingly crowded market”. <br/>
