Oman Air at ITB Berlin: Profit the main goal
Published by Irhal
March 13- Oman Air will focus on profit, not fleet size, in 2010, said its Chief Executive, Peter Hill, at the ITB Berlin on Friday. “The focus is now on being self-supporting, paying back government funding and showing that you can run a profitable airline, even if it is a government-owned one, in that region,” he added. Oman Air posted a loss of $109 million in 2008 and will publish its results for 2009…
Oman Air posted a loss of $109 million in 2008 and will publish its results for 2009 at the end of this month. The goal is to return to profit by 2014, added Hill. This year, he hoped, the losses posted will be less than that of last year’s. Oman Air, based in Muscat, offers non-stop flights to Asian destinations such as Bangkok and Bangladesh's Chittagong as well as European cities including Frankfurt and Paris.
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