Oman Air Reduces Workforce by 1,100 and Optimizes Fleet in Effort to Save Costs

Oman Air has revealed major reductions in both its workforce and fleet as part of an extensive strategy to lower operational expenses.

The airline disclosed that it has parted ways with 1,100 employees, reducing its total personnel from approximately 4,300 to nearly 3,200. Con Korfiatis, the CEO of Oman Air, stated, “Our staffing levels were excessive compared to our fleet size, especially when juxtaposed with regional competitors and relevant industry benchmarks.”

Restructuring the Fleet

As part of its cost-cutting initiatives, Oman Air has decommissioned its complete fleet of 10 Airbus A330s and sold two of its Boeing 787-8 aircraft. The revised fleet now includes around 23 narrow-body jets, predominantly Boeing 737 MAX models, along with 10 Boeing 787-9s.

The airline has a cautious outlook for future expansion: it anticipates the addition of two more MAX jets, with one arriving this year and the other expected in the third quarter of 2026. Additionally, six Boeing 787s are planned to be incorporated into the fleet by 2027.

Shifting Strategy

Instead of directly competing with larger Gulf carriers like Emirates and Qatar Airways, Oman Air is transitioning towards code-sharing agreements. “Our capacity has significantly improved from previously empty seats to achieving 70 percent occupancy following this shift in partnerships with other airlines,” Korfiatis noted.

Don't miss

Why Branded Residences Are Reshaping Dubai’s Luxury Property Market

Discover why Bugatti, Armani, and Cavalli branded residences are transforming Dubai's luxury off-plan market and what it means for investors and rental yields.

UAE Equities Decline as Regional Tensions Shake Investor Confidence

UAE stock markets closed lower as Middle East tensions dampened investor sentiment, while strong bank earnings and rising oil prices offered limited support.

Dubai rewards residents for inviting more tourists to the city

Dubai has unveiled A Dubai Invite, rewarding residents who encourage overseas friends and relatives to visit the emirate through a new referral programme.

Dubai expands Gold Line to redefine urban transport

Dubai is moving forward with its Dh34bn Gold Line metro project, expanding public transport, improving connectivity and supporting long-term urban growth.

Majority of Investors Forecast Further Growth for Dubai’s Property Market in 2026

Most investors expect Dubai property prices and transaction volumes to rise in 2026 as confidence remains strong across luxury, ready, and off-plan real estate markets.

UAE Begins Nationwide Rollout of Jaywan Payment Cards Through Local Banks

The UAE has launched Jaywan, its first national payment card network, enabling local banks to issue debit and prepaid cards while expanding secure digital payments.

Dubai Property Sales Reach $78 Billion in Record First Half of 2026

Dubai recorded $78 billion in property sales during H1 2026 as luxury residences, branded developments and strong investor demand continued to drive the real estate market.

Dubai Property Market Shows Resilience Despite Regional Tensions

Dubai's residential market recorded AED 225.7 billion in H1 2026 transactions as strong investor demand, population growth and Golden Visa reforms supported continued growth.

Indian Buyers Lead Dubai’s International Property Market in 2026

Indian investors led foreign property purchases in Dubai in 2026, accounting for over 20% of transactions as global demand for UAE real estate remained strong.

US States Move to Block Paramount–Warner Bros. Merger

A coalition of 12 US states has asked a court to block Paramount's proposed acquisition of Warner Bros., citing concerns over competition in the media industry.

Similar publications

Why Branded Residences Are Reshaping Dubai’s Luxury Property Market

Discover why Bugatti, Armani, and Cavalli branded residences are transforming Dubai's luxury off-plan market and what it means for investors and rental yields.

UAE Equities Decline as Regional Tensions Shake Investor Confidence

UAE stock markets closed lower as Middle East tensions dampened investor sentiment, while strong bank earnings and rising oil prices offered limited support.

Dubai rewards residents for inviting more tourists to the city

Dubai has unveiled A Dubai Invite, rewarding residents who encourage overseas friends and relatives to visit the emirate through a new referral programme.