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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.
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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