Monday 26 November 2012

Oman Air sees 30 pct revenue growth in 2012 | Reuters

State-owned Oman Air, the sultanate's national carrier, expects its revenue to grow 30 percent in 2012 because of expanded operations, its chief executive officer said on Monday.

"I am pleased to say we are expecting a 30 percent revenue rise this year due to increased flights to Europe, the GCC (Gulf Cooperation Council) and other destinations because of higher demand," chief executive officer Wayne Pearce told Reuters.

The company said in its 2011 financial report that it generated revenue of 311.3 million rials last year.

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