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%, ...

Subscribe to Access this Entire Article

"Oman Air losses deepen in 2016" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.