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FINANCIAL NEWS
Bahrain’s Gulf Air to cut further 15% of its costs in 2012
09 Jul 2012
(MENAFN) Bahraini state-backed Gulf Air unveiled plans to cut further 15 percent of its costs this year after the airline achieved positive results of its restructuring scheme started in 2010, Arabian Business reported.
The national carrier said it made USD82.76 million from its aggressive cost-savings strategy.
During 2010-2011, Gulf Air reduced its costs by 12 percent, helped by USD1.04 billion revenue for the period.
In June, the airline has said it was insourcing fleet management as part of its effort to cut costs, adding that the plan would bring cost-savings and operational benefits for the airline.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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