Oman Air recorded a sharp deterioration in its financial position in 2016, making a net loss of RO129.8 million ($337.1 million) compared to RO86.3 million in 2015. Full-year revenue was up 1% at RO4.73 billion. Last year, the airline was operating in “an increasingly volatile, political and economic climate,” CEO Paul Gregorowitsch said. Passenger numbers grew by more than 21%, to 7.7 million, while capacity, measured in ASKs, grew 20% to 24.8 billion. RPKs increased 25.5%, ...

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