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FINANCIAL NEWS
Gulf Air annual loss down 52 percent in H1
31 Aug 2014
(MENAFN) Bahraini Gulf Air announced a 52 percent decrease in annual losses and a financial performance that exceeded the airline’s restructuring target by USD38.4 million, Arabian Business reported.
The carrier said losses have fallen by USD265m compared to last year as well as achieving a 28 percent of cost savings.
Gulf Air also said that these results are considered to be the company’s strongest in eight years but that it had to reduce its workforce by 27 percent in order to do so.
Meanwhile, the company announced a number of new destinations on its network such as Al Maktoum International Airport in Dubai, Thiruvananthapuram in India, Mashhad and Tehran in Iran, Sialkot in Pakistan, and Athens in Greece as well as launching of flights to Moscow in October.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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