Oman Air: $203m Loss in 2010

09.04.2011 Oman
Oman Air: $203m Loss in 2010

Oman Air: $203m Loss in 2010

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Oman Air said it made a net loss of RO78 million ($203 million) in 2010 mainly due to expansion of its fleet and other operational costs.

The carrier's Annual Report for 2010 described the remarkable growth and success that the airline experienced last year and highlighted a range of achievements in 2010, including:

  • Revenues increased 40 %
  • The number of passengers carried increased 38% to 3.3 million
  • Seat factors increased from 61% to 72 %• 28,600 tonnes of cargo were carried
  • Cargo revenues grew 238%
  • 8 new destinations were launched
  • 2 new Airbus A330s were introduced to the fleet
  • A new code-share agreement with Malaysian Airlines was announced
  • Oman Air became the first airline in the world to offer both GSM mobile phone and broadband connectivity aboard its A330 fleet.

The Annual Report also described a range of other achievements, which include a 29% increase, from 3.5 million to 4.5 million, in the number of meals served by Oman Air’s catering division; a range of award wins and nominations; new and renewed contracts with leading aerospace enterprises for the supply of engineering services and support; and an enhanced IT platform, network and database, which offers greater capacity and security.

“The government has given Oman Air new financial support worth RO75 million, increasing the issued share capital of the company to RO366 million,” stated Oman Air’s Chief Executive Officer, Peter Hill.

“Oman Air’s results for 2010 are extremely positive and we have witnessed remarkable growth in all areas of our business. Despite a challenging year for aviation, we have been able to expand our fleet and our route network, carry more passengers and transport more cargo,” he added.
 

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