Oman Air has posted a loss for 2011 of RO110 million (approximately £180 million) due mainly to a 38% increase in fuel costs. Fuel costs were RO37 million, while staff salary increase resulted in total manpower cost of RO87.3 million.
Revenue was up 35% at Oman Air to RO 311.3 million with passenger numbers up by 16% to 3.8 million.
Airline chairman Darwish bin Ismail Al Balushi said: “But for this steep increase in fuel price, the loss for the year would have been lower compared to the previous year, which is a significant achievement, especially considering the fact that the airline deployed a significant increase of 21% in the capacity across the network.”
Fuel costs caused losses at Oman Air
