Gulf Air cuts losses by 50%
Complex Made Simple

Gulf Air cuts losses by 50%

Gulf Air cuts losses by 50%

Bahrain's Gulf Air has said it has narrowed its overall losses by around 50% in the first quarter of the 2013 over the same period a year ago, Gulf News has reported. "This was realised principally through a 21% fall in year-on-year expenditure driven by reductions in aircraft leasing fees, flight-related charges and staff expenses in addition to the closure of loss-making routes," Gulf Air said. Additionally, passenger yield grew 21% in the quarter, compared with the first quarter of 2012, it said. "The increase coincides with the successful realignment of the airline's network and fleet, a stronger traffic demand in the region and significantly higher sales in Bahrain," the Manama-based carrier said.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved