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Gulf Air announces new restructuring plan as losses are expected to exceed USD500 million in 2009

2-Dec-2009

Gulf Air is to make a new attempt to restore viable operations after its turbulent decade, where most of its owners defected to establish competing airlines. These double blows have been devastating for the airlines, which has sought a sustainable role among neighbouring airlines with global ambitions. [2238 words]

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Subheadings:

  • Gulf Air losing more than USD1 million per day
  • Reshaping Gulf Air, again
  • Another attempt at resurrection
  • Realigning network to short-haul
  • Refocusing on narrowbodies and regional growth
  • Will staff cuts stymie reform?
  • Finding a niche as a point-to-point operator

Graphs and data:

  • Gulf Air annual losses (USD millions): 2001-2009
  • Bahrain, Abu Dhabi & Dubai airports passenger growth (% change): Jan-2009 to Oct-2009
  • Bahrain International Airport capacity share (seats): Week commencing 23-Nov-2009
  • Gulf Air fleet in service and on order
  • Gulf Air fleet delivery
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