Gulf Air reduced losses by more than 30% in 1H2014

Gulf Air reported (31-Aug-2014) it reduced losses by more than 30% year-on-year in 1H2014. Overall revenue increased 10% in 1H2014 "principally through an enhanced revenue stream...driven by augmented operations" and increased load factors and connecting traffic. Passenger revenues and yield also improved during the period. The airline continued to strengthen its Middle East and North Africa operations with a focus on high-demand and high-yield point-to-point routes and maintained strategic links to select destinations in Asia, Europe, India and Pakistan. The carrier commenced services to Athens, Sialkot and Tehran and increased Mashhad frequency in 1H2014. The airline's management also commenced discussions to request additional frequency increases across its network. The carrier intends to further reduce its operational costs, increase sales efficiency and focus on customer needs. [more - original PR]