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FINANCIAL NEWS
Bahrain Air back to profitability in June, July
20 Aug 2012
(MENAFN) Struggling Bahrain Air has returned to profitability in June and July as revenues grew higher, and is planning to reach a deal with its creditors, Arabian Business reported.
Bahrain’s No.2 airline said its revenues grew by 67 percent in the last two months compared with the same period a year earlier. Seat factor grew 27 percent, the carrier added.
CEO Richard Nuttal said the carrier is working on reaching an agreement with creditors to restructure its debts, which piled up due to last year’s political unrest.
He added that the airline is carefully looking into expansion options in the coming months to improve its network and achieve further positive results.
The airline said it is expecting a “slight downturn” in the performance for August due to Ramadan, but was positive about the rest of the year’s performance outlook.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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