INSEAD Day 4 - 728x90

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Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

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Empower profit climbs 16%

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Oman Air Cargo revenue up

The airline remains at the forefront of the rapidly evolving air cargo sector.
  • Oman Air Cargo said that the jump in cargo aligns with the carrier's aim to retain its strong position in the market
  • Launched in 2009, the airline has sustained an upward trajectory despite a fall in yield compared to the previous year

Muscat, Oman–Oman Air Cargo has recorded a 42% jump in cargo volumes in the first half of 2023 compared to the corresponding period of 2022, despite challenging market conditions.

Total cargo revenue in H1 was $57.9 million, reflecting the airline’s resilience of operations, according to a statement.

The increase fit in with the national carrier’s goal of retaining its strong position in the market, the statement added.

Despite a fall in yield compared to the previous year, the results indicate healthy growth and the carrier’s focus on technology, efficiency and customer service are ensuring it retains its strong position in the market, an Oman Air release said.

Since its inception in 2009, Oman Air Cargo has maintained a remarkable upward trajectory. Having obtained the IATA CEIV Pharma and CEIV Fresh certifications in 2021, it continues to gain significant momentum through time- and temperature-controlled shipments.

While in 2022 it added several new destinations and introduced its innovative ‘Cargo-in-Cabin’ service to Europe, the Far East and Indian Subcontinent, its 2023 strategy includes the launch of its first ever freighter to meet growing demand.

Its ongoing digitalisation drive continues to make the customer experience simpler and more efficient, with a new Revenue Management System and online booking channels currently in the works.

Taking advantage of Muscat’s strategic location connecting East and West, Oman Air Cargo’s state-of-the-art facilities ensure the seamless movement of cargo through its hub at Muscat International Airport.

With bespoke solutions and the highest standards of safety and quality, it remains at the forefront of the rapidly evolving air cargo sector, while solidifying Oman’s standing as a key regional logistics hub.