Oman Air Aims For Profit In 2017

The CEO of Oman Air has confirmed that the airline aims to achieve profitability by the end of 2017, in announcing a new 10-year strategy yesterday (January 19).

The CEO of Oman Air has confirmed that the airline aims to achieve profitability by the end of 2017, in announcing a new 10-year strategy yesterday (January 19).

The airline, which posted a loss of $285.6m in 2014, aims to cut costs by $259.7m in the next two years.

Paul Gregorowitsch, speaking at a conference for Oman Air staff, said that the savings will help to reduce its reliance on government funding.

Gregorowitsch also said that Oman Air aims to become “a more modern, business-driven enterprise” over the next 10 years.

TAGS: Middle East
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