Oman Air CEO Sees Profits Coming In 2027 | Aviation Week

Oman Air expects its transformation plan to stay on track toward profitability in 2027 despite short-term pressure linked to the Gulf crisis, the airline’s CEO Con Korfiatis told Aviation Week. The Muscat-based carrier reported an operating profit in 2025, its first in 18 years, and Korfiatis—appointed in May 2024—said the “north star” remains profitability in 2027. Part of the plan includes route expansion, such as launching flights to Singapore starting July 2 using the Boeing 737-8, its farthest single-aisle service to date. While impacted by the U.S.-Iran conflict, Korfiatis said Oman’s airspace remained open and most temporarily suspended flights had since resumed, with load factors in the high 70s by early June versus the high 80s pre-war. He cited late booking strength and higher point-to-point traffic as supportive trends, alongside fuel-price cost pressures. Oman Air carried 5.8 million passengers in 2025 (+7%) and added a focus on point-to-point traffic, now near 60% of traffic. The fleet includes 18 Boeing 737-8 aircraft, plus nine 787-9s with more deliveries in late 2028/early 2029.