Middle East

Oman Air AGM reviews its positive results for 2015

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Oman Air’s shareholders received positive financial results for 2015 at the airline’s Annual General Meeting (AGM) that was held at Oman Air’s headquarters in Muscat.

Oman Air’s Chairman, His Excellency Darwish Bin Ismail Bin Ali Al Balushi, provided reports covering the company’s financial and operational progress over the last full year.

Shareholders heard that Oman Air’s revenues increased by 14.1%, to RO 465.971 million (USD 1210.31 million). Furthermore, the airline’s losses were reduced for the second consecutive year by 21.2%.

In addition, Oman Air carried 6.3 million passengers in 2015, up from 5.1 million the previous year. More than 28,000 round trips were recorded and capacity in 2015 rose to 20.5 billion available seat kilometers, with an average seat factor of 71.4% being achieved.

Oman Air saw the arrival of nine outstanding new aircraft in 2015. These have included Oman Air’s first two Boeing 787-8 Dreamliners and new Boeing 737s. In the same year, the airline launched three new destinations, Singapore, Goa and Dhaka, as well as adding frequencies to some of its established routes.

Oman Air’s staff at Muscat International Airport also handled 47,823 flights and 10.3 million passengers over the course of the year. Of these flights, 19,830 were operated by airlines other than Oman Air, resulting in an increase to RO 17.61 million (USD 45.73 million) in the total handling fees received in 2015 compared to RO 14.346 million (USD 37.26 million) in 2014, an increase of RO 3.264 million (USD 8.48 million).

Oman Air’s catering division served 7.5 million meals in 2015, which was 900,000 meals more than 2014. A healthy growth of 9% in income from rooms, food and beverages was also recorded. The amount of cargo that Oman Air handled in 2015 increased to 140,000 from 125,000 tons of 2014.

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