Oman Air reveals positive 2014 results
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Oman Air has revealed its 2014 results, which showed the airline’s revenues increased 4% year-on-year to RO398 million ($1.033bn), while its losses fell 4% for RO95.86 million.
In addition, Oman Air carried 5.1 million passengers in 2014, up from 4.9 million the previous year. More than 23,500 round trips were recorded and capacity in 2014 rose to 15.2 billion available seat kilometres, with an average seat factor of 74.4 per cent being achieved.
The year also saw Oman Air add new aircraft to its fleet, with the first of the Airbus A330s and Boeing B737s it had on order being delivered in the fourth quarter. The airline also opened four new destinations our established routes.
Oman Air’s staff at Muscat International Airport also handled 41,450 flights and 8.7 million passengers over the course of the year. Of these flights, 18,000 were operated by airlines other than Oman Air, resulting in an increase to RO 18 million in the total handling fees received in 2014.
Oman Air’s catering division served 6.7 million meals in 2014, up from 6.5 million in 2013, and increased revenues year-on-year by three per cent. A healthy growth in income from rooms, food and beverages was also recorded.
His Excellency Darwish Bin Ismail Al Balushi, chairman of Oman Air, commented:
“Oman Air is guided by a development plan which was endorsed by the Board of Directors in 2013. This has seen our company invest significantly in new narrow-body and widebody aircraft, new destinations, technology and staff. The size of our fleet is expected to increase as per this plan to 50 aircraft by 2018, with a further increase to 70 aircraft being achieved by 2020… Oman Air is a leaner, fitter and more efficient business. We are well positioned for continued expansion and have confirmed our advance towards profitability.”
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