Oman Air Achieves EBITDA Profitability After 15 Years: What This Means for Investors and Business Growth in Oman
Muscat: Oman Air, which embarked on a comprehensive transformation programme in 2023, reported an EBITDA of RO 3.2 million for 2025, marking its first positive EBITDA in 15 years.
The airline also succeeded in reducing its bank loans by RO 27 million, the first decrease in debt levels since 2009.
Oman Air achieved an EBITA profit of RO 3.2 million, with an overall loss of RO 52.2 million, an improvement from a RO 72 million loss in 2024. These financial gains occurred alongside a 6% reduction in CASK (Cost Per Available Seat Kilometer), reflecting the ongoing benefits of its transformation efforts.
In 2025, the airline carried 5.8 million passengers, representing an 8% increase from 2024, and attained an 82% load factor, driven by network optimization and enhanced fleet utilization strategies.
As part of its strategy to boost tourism in Oman, the airline increased point-to-point flights by 34% year-on-year. Additionally, Oman Air significantly expanded its international network by launching direct flights to Amsterdam, Baghdad, Copenhagen, and Taif, along with a new route connecting Salalah and Moscow.
The airline currently serves 45 destinations with a fleet of 33 aircraft, which is expected to grow to 39 by 2029.
Oman Air’s CEO highlighted that, following its integration into the Oneworld alliance, the airline’s network now covers 900 destinations. Besides the new Moscow route from Salalah, recent additions include flights to Singapore and Tashkent.
The airline’s focus on direct routes yielded 64% point-to-point traffic, up 34% from 2024, while the load factor improved by 10 percentage points to 82%.
Oman Air also introduced fare bundles that exclude checked baggage and launched digital services via a new call centre. Furthermore, a new economy class menu is set to be rolled out.
Looking ahead to 2026, Oman Air has set the following targets:
- Addition of one Boeing 737 Max 8 to the fleet
- Carrying 1.4 million passengers
- A 23% increase in passengers traveling to Salalah
- A 19% rise in point-to-point passengers
These milestones underscore Oman Air’s ongoing commitment to growth and operational excellence.
Special Analysis by Omanet | Navigate Oman’s Market
Oman Air’s transformation marks a critical turnaround for Oman’s aviation sector, showcasing the potential for sustained profitability and debt reduction in traditionally loss-making national carriers. For businesses, the expansion in international routes and passenger growth signals enhanced connectivity and tourism opportunities, while investors should consider the airline’s strategic fleet expansion and digital innovation as indicators of competitive resilience and future growth. Entrepreneurs in travel, hospitality, and related services can capitalize on the anticipated surge in passenger traffic and route expansion in 2026.
