Oman Air reveals expected highlights of its performance for 2023

Muscat: Oman Air, the national airline of the Sultanate, has revealed some important highlights of its expected performance for the year 2023.

In a statement, the airline said that it expects the total revenue for 2023 to increase by 236 percent compared to 128 percent in 2022.

The airline further said that the there was a 182 percent growth in passenger traffic and revenues increased by 88 percent.

Meanwhile, its net loss for 2023 will be 56 percent compared to 35 percent  in 2022 and 26 percent in 2021.

The cargo capacity of the airline is forecast to increase by 160 percent  in 2023 (bringing in an increase of 360 percent rise in revenues), compared to 116 percent growth it reported in 2022 and 33 percent in 2021.

The national airline of Oman also said that the overfall Omanisation currently is 75 percent  with 81% Omanisation of pilots, followed by 100 percent in Omani male crew members, and 90 percent in engineers and 93 percent in support employees.

A total of 155 new Oman employees joined the company in 2023, including 7 pilots, 63 cabin crew, 40 engineers and 45 support staff.

The airline further said that all flights reported an on-time performance of 96 percent as the airline operated to 44 destinations.

The fleet strength of the airline as per the agreements signed between 2011 and 2015 will be limited to 45 (10-A330s, 13-737s (Max), 13-737NG, and 9 Dreamliners), compared to 54 in 2022.