Muscat: The Third Media Meeting to Review Developments in the Transformation Plan of Oman Air Company is being held today by Saeed bin Hamoud Al Maawali, Minister of Transport, Communications and Information Technology (Chairman of the Oman Air Board of Directors).
HIGHLIGHTS
>For citizens, there will be a fixed ticket fare on the Muscat - Salalah - Muscat route and vice versa at R064 for the economy class, including RO35 for one way throughout the year, and RO54 throughout the khareef season (round trip).
> This year 2024 will witness changes, such as Changing the timing of flights to become more suitable for the local market and reducing the number of seats offered by Oman Air by about a third from current levels.
> Oman Air renegotiated many code-sharing agreements and terminated several sales agreements with companies that did not benefit the company directly.
> Termination of the contract between Oman Air and Chelsea FC did not incur losses to the company
>Plans for 2023 include stopping routes with poor performance and cutting on unnecessary expenses
>Load factors for the Oman Air fleet improved by 9%, carrying more than 6 million passengers across destinations, and operating more than 45,000 scheduled flights.
>Net losses in 2023 decreased by 36% and revenues increased by 30% compared to 2022.
> Oman Air’s core commercial and revenue activities will be modernized to improve competitiveness, attract travelers using industry-leading tools, and renew agreements with companies with price reviews and follow-up.
>Oman Air was able to close the fiscal year 2023 without obtaining any additional bank loans or government guarantees.
Oman Observer is now on the WhatsApp channel. Click here
