Oman’s national airline, Oman Air, has posted a marked improvement in its financial and operational performance, signalling a turning point after years of sustained losses. The carrier transported 5.8 million passengers in 2025 and achieved positive EBITDA for the first time in more than 15 years, reflecting the impact of its ongoing restructuring programme.
During a joint media briefing on Monday, the airline outlined a strategy centred on tighter cost control, network refinement and enhancements to customer experience, aligning with Oman’s broader push for economic diversification.
Data presented by the airline showed a 34 per cent rise in point-to-point traffic compared with the previous year, with such यात्रers making up 64 per cent of total passenger volumes. The load factor increased to 82 per cent, indicating stronger demand alongside more efficient use of capacity.
Chief Executive Officer Con Korfiatis said the airline’s recovery efforts are beginning to deliver tangible results. He noted that the company has taken firm measures to restore financial stability while repositioning itself as a key contributor to tourism and economic development. The airline recorded a positive EBITDA of RO 3.2 million, marking a significant milestone in its turnaround.
Losses from operations also narrowed, falling to RO 52.2 million in 2025 from RO 72 million in 2024 and RO 103 million in 2023. Unit costs improved by 6 per cent year-on-year to RO 25.6 million, while total bank debt declined to RO 27 million, the first reduction recorded since 2009.
Korfiatis emphasised that efficiency and fleet optimisation remain central to the airline’s long-term plan, stressing a disciplined approach to growth focused on profitability rather than expansion alone.
At the same time, Oman Air continues to expand its network selectively. New destinations introduced in 2025 include Amsterdam, Copenhagen and Baghdad, with further additions such as Sochi, Taif, Singapore and Tashkent scheduled for 2026. The airline has also increased frequencies on key routes including Dubai and Salalah. Its planned entry into the oneworld alliance is expected to enhance global connectivity and strengthen inbound traffic.
Passenger growth has been supported by service upgrades, including the relaunch of the Oman Air Holidays platform, additional ancillary services, and a new digital servicing system and call centre. The introduction of a Net Promoter Score programme is also helping the airline track and improve customer satisfaction.
Domestically, the airline has maintained fixed fares for Omani nationals on the Muscat–Salalah route during the Khareef Dhofar season and throughout the year. Travel demand to Salalah has grown strongly, with double-digit increases in both capacity and passenger numbers since 2022.
The airline also demonstrated operational resilience during regional disruptions in early 2026, maintaining services across 80 per cent of its network. It operated an additional 1,378 flights and carried more than 393,000 passengers during the period, while cargo capacity rose sharply by 490 per cent to support essential supply chains.
Looking ahead, Oman Air plans to continue its transformation through further digitalisation, fleet upgrades and network development. The airline is also focusing on workforce development, with Omanisation levels reaching 80 per cent through training and leadership programmes.
The latest results highlight a significant shift in the airline’s trajectory, as it seeks to balance sustainable growth with financial discipline in line with the objectives of Oman Vision 2040.
Source: ZAWYA