Muscat: Addressing media representatives during the third media meeting focusing on Oman Air’s transformation plan, His Excellency attributed these positive outcomes to the diligent implementation of the second phase of the company’s transformation program. Noteworthy initiatives, initiated since March 2023, included strategic alterations in flight destinations for the winter season of 2023. These changes led to a reduction in flights along specific routes without resorting to route closures, grounding aircraft, or asset sales.

His Excellency highlighted the cessation of unnecessary expenditures across various company departments, such as sponsorships, alongside reductions and cancellations of superfluous service contracts. Impressively, Oman Air concluded the fiscal year 2023 without securing additional bank loans or government guarantees.

Looking ahead to 2024, Oman Air is poised to enact substantial changes to further enhance financial and operational performances. These changes encompass route network restructuring and flight schedule adjustments set to commence in April 2024.

Moreover, Oman Air plans to modernize core commercial and revenue activities to bolster competitiveness and attract travelers. This will involve leveraging cutting-edge tools and revising agreements with partner companies through price evaluations and diligent follow-ups.

In a bid to strengthen global partnerships, the airline aims to forge new agreements with international carriers based on quantitative analyses. Concurrently, they will establish robust pricing mechanisms and controls to ensure fair benefits while rationalizing expenses and costs across various operational domains.