16-Sep-2015 8:56 AM
Gulf Air reports best annual results since 2004
Gulf Air reported (15-Sep-2015) its strongest financial results in a decade in 2014, with annual losses reducing from BHD93.3 million (USD247.5 million) in 2013 to BHD62.7 million (USD166.3 million) in 2014. The airline also reported a 15.4% increase in revenue passengers. Commenting on the result, chairman Shaikh Khalid bin Abdulla Al Khalifa said: "Gulf Air 's 2014 performance reflects a steady and continued improvement in its financial and operational business with targeted efforts to maintaining the airline's strategic direction that ultimately encouraged solid customer growth, enhanced global bookings and a resultant marked improvement in financial and operational results." [more - original PR]