Climate Change Data

Oman Air S.A.O.C.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Reduced jet fuel consumption per ASK by 5% in 2023, finishing 9% below 2019 levels due to fleet and operations management initiatives.

Social Achievements

  • Achieved a Five-Star Major Airline rating from Airline Passenger Experience Association (APEX) for four successive years (2021-2024); Received the award for Best airline staff in the Middle East from Skytrax in 2023; Won three titles in the World Travel Awards 2022 (World’s Leading Airline – Business Class, World’s Leading Airline – Customer Experience and World’s Leading Airline Lounge – Business Class); Received Top airline award for On-time performance (OTP) from Cirium in 2023.
  • Domestic spend of approximately OMR 300m in 2023; Directly employs approximately 4,000 people across Oman.

Governance Achievements

  • Launched a four-year Transformation Plan in September 2023 addressing financial sustainability, commercial aspects, human capital, and corporate governance.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Achieve financial sustainability within three years (by 2026)

Environmental Challenges

  • Consistent losses since 2011, totaling OMR 2 billion at the operating level; Unsustainable debt position of OMR 1.6 billion in 2023; Negative equity of OMR 1.4 billion; Mismatch between unit revenues (RASK) and unit costs (CASK); High annual interest cost of OMR 84 million; Requires annual government equity contributions of OMR 60 million from 2024-2028 to meet cash flow requirements; Heavy cash burn requiring asset impairments; Under-utilized asset base relative to 2019 levels; Competitive capacity growth in the region pressurizing yields.
Mitigation Strategies
  • Launched a four-year Transformation Plan with five strategic pillars: optimize revenue, network, and fleet; improve cost structure; ensure effective liquidity and capital management; maintain operational efficiency and safety; boost productivity and right-size workforce; Route changes, dropping unprofitable destinations; Right-sizing frequencies across the route portfolio; Phasing out excess aircraft; Streamlining and optimizing indirect costs, including staffing levels; Focus on route quality to improve unit revenues; Initiatives to enhance customer offer, including increased personalization.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Five-Star Major Airline rating from APEX (2021-2024), Best airline staff in the Middle East from Skytrax (2023), three World Travel Awards (2022), Top airline award for On-time performance (OTP) from Cirium (2023)