Register | Forgot password?
Switch to Arabic
Wednesday, November 11 - 2009
Page navigation Browse related articles

Gulf Air forecasts $1bn loss

  • Bahrain: Tuesday, August 05 - 2008 at 09:47

Bahrain-based carrier Gulf Air has forecast a $1bn loss spread across two years according to a leaked internal memo, The National has reported. The airline will sustain losses of BD131.7m this year, followed by BD226.3m next year. The losses are expected to gradually subside over the next six years, down to BD22.6m in 2013. Gulf Air acknowledged the authenticity of the memo but played down its importance.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.