INDIA & MIDDLE EAST: Oman Air focuses on lagging freight ratios

Oman Air said it aims to improve cargo performance to increase its contribution to the carrier’s total revenue. As part its ongoing expansion plan, Oman Air will boost its cargo business to account for at least 12 per cent of total airline revenues over the next five years, CEO Peter Hill said. The current ratio […]


Oman Air said it aims to improve cargo performance to increase its contribution to the carrier’s total revenue. As part its ongoing expansion plan, Oman Air will boost its cargo business to account for at least 12 per cent of total airline revenues over the next five years, CEO Peter Hill said.

The current ratio has freight accounting for only two per cent of total revenues, a poor figure by comparison with other regional carriers. Emirates’ cargo division accounted for 19 per cent of total transport revenues in 2007-2008.

“With new aircraft we plan to fly to new destinations in Europe and Asia. No doubt, 2009 will be a tough year but this region is not so badly affected. A lot of the market in Oman is captive because we are the main carrier,” he added.