gulfnews : Oman Air loses 110m riyals due to fuel costs

Oman Air on Sunday said it reported a loss of 110 million riyals in 2011 as fuel costs spiralled.
The revenue for the year increased by 35 per cent to 311.3 million riyals over the previous year as the airline carried 3.8 million passengers last year, up 16 per cent over 2010, the state-controlled airline said in an e-mailed statement, adding this increase was despite the European crisis impacting traffic from and to Europe.
"It is important to note that the results for the year were impacted by 38 per cent increase in fuel price which alone increased the expenditure by 37 million riyals," the airline stated, adding that the seat factor rested at 73 in 2011.

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