Oman Air trims losses in 2015
Oman Air recorded a net loss of RO86m (US$223m) in 2015, a 21.2% improvement over 2014. Full-year revenue rose 14.1% to RO466m. The carrier has been consistently loss-making, but is aiming to achieve breakeven at the operational level by the end of 2017. A major reason for the losses has been a steady expansion of the airline’s fleet, which stands at around 40, but is planned to reach 70 by 2020. Nine aircraft—2 787s and 7 737s—were delivered in 2015 and 3 new destinations, Singapore, Goa and Dhaka, were added to the route map. Frequencies on existing routes were also increased, with all 11 destinations in India now having daily or double-daily services. Oman Air chairman Darwish Bin Ismail Bin Ali Al Balushi said this increase in capacity led to ASKs growing by around 35% to more than 20.5b km. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-23/unaligned/oman-air-trims-losses-in-2015
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Oman Air trims losses in 2015
Oman Air recorded a net loss of RO86m (US$223m) in 2015, a 21.2% improvement over 2014. Full-year revenue rose 14.1% to RO466m. The carrier has been consistently loss-making, but is aiming to achieve breakeven at the operational level by the end of 2017. A major reason for the losses has been a steady expansion of the airline’s fleet, which stands at around 40, but is planned to reach 70 by 2020. Nine aircraft—2 787s and 7 737s—were delivered in 2015 and 3 new destinations, Singapore, Goa and Dhaka, were added to the route map. Frequencies on existing routes were also increased, with all 11 destinations in India now having daily or double-daily services. Oman Air chairman Darwish Bin Ismail Bin Ali Al Balushi said this increase in capacity led to ASKs growing by around 35% to more than 20.5b km. <br/>
