Loading

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.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,040 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.