07/07/2016

Unprofitable Oman Air faces uphill task to break-even by 2017

Oman Air made pre-tax losses of $209.18 million in 2015, adding to total accumulated losses of $1.7 billion, and although the airline has had some success in limiting its losses last year, its financial performance remains unsustainable. The strategy is to break even by YE2017 and prepare the ground for a possible privatisation, but on current trends the Ishka view is that more needs to be done to make this happen.

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