Thursday 18 December 2014
 
»
 
»
AIRLINE MULLS CAPITAL HIKE

Oman Air revenue, passenger numbers up

Muscat, March 30, 2014

Oman Air, the flag carrier of the Sultanate, said its sales revenue surged 10 per cent to RO382 million ($989.4 million) in 2013 when compared to the same period a year ago.

Addressing the Annual General Meeting, Oman Air chairman Darwish Bin Ismail Al Balushi said the carrier also reported strong increases in passenger numbers, supported by growth in seat capacity, cargo operations and the number of passengers carried in 2013.

According to him, Oman Air had increased its capacity to 14.9 billion available seat km in 2013, enabling the airline to carry, with a total of 4,994,729, nearly 13 per cent more passengers than in 2012.

In parallel, Oman Air’s cargo operation handled 119,785 tonnes of cargo in 2013, an increase of 7 per cent on 2012.

These results, together with those of all the airline’s other areas of operations, contributed to an increase in Oman Air’s total revenues which hit RO381.7 million.

Lauding the employees for the success, Al Balushi said: "The significant 10 per cent increase in our revenues and the very positive growth of 13 per cent in our passenger numbers demonstrate that demand for Oman Air’s award-winning services continues to grow, whilst the 15 per cent increase in the tonnage of cargo handled by Oman Air illustrates the wisdom of our continued investment in this area of operations."

Also at the meeting, Oman Air’s chairman announced plans to increase the authorised share capital of the company by RO200 million to RO700 million.

This sum will be divided into 700 million shares, each to the value of one Omani Rial and the articles of association will be amended accordingly., stated the top official.

“Over the course of 2013 we have enhanced our focus on driving up quality standards, delivering greater efficiencies, increasing the range of choices we offer, and preparing the way for our next stage of major expansion. Throughout these processes, we have adhered to two key principles which underpin every area of our work: to ensure that every customer enjoys the best possible passenger experience, and to continue our determined progress towards profitability," remarked Al Balushi.  

"This year’s results show what holding those principles close can achieve," he stated.

Al Balushi pointed out that Oman Air’s loss increased in 2013 by 16 per cent to RO113.3 million. "However, the airliner's direct and indirect contribution to the Omani economy over the same period was, according to studies we have commissioned, as much as RO400 million, which more than offsets Oman Air’s financial debt to the nation," stated Al Balushi.

The loss, he noted, was a result of Oman Air's continued investment in new aircraft.

"The arrival later in 2014 of the first of the 20 new aircraft we currently have on order will signal the start of a major new phase in Oman Air’s growth and an increase in our capacity to tackle Oman Air’s deficit and move towards profitability," he noted.-TradeArabia News Service




Tags: Oman Air | Revenue | loss |

More Travel, Tourism & Hospitality Stories

calendarCalendar of Events

Ads