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Gulf Air looking to cut costs (again) in 2009


Gulf Air will have a storm to weather in early 2009, both operationally and from its major owner, the Bahrain Government, sections of which appear to be becomingly increasingly concerned about the carrier’s financial performance. The carrier’s CEO, Bjorn Naf, previously stated he plans to restore profitability by 2010, after cutting 25% of its workforce in 2008 and completely restructuring its core operations. However, some reports have indicated that the carrier is now looking at a 2013 timetable for break-even, given the current downturn in international aviation. [1053 words]

Unlock the following content in this report:


  • Further cost discipline in 2009
  • Parliament to investigate Gulf Air

Graphs and data:

  • Middle East airlines ASKs, RPKs & passenger load factor: Nov-06 to Nov-08
  • IATA premium traffic growth (% change year-on-year): Nov-08
  • Gulf Air's current fleet and orders: Feb-08
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