Bahrain Air returned to profitability in Jun-2012 and Jul-2012

Bahrain Air CEO Richard Nuttall stated (15-Aug-2012) the carrier returned to profitability in Jun-2012 and Jul-2012. The carrier reported a 67% year-on-year increase in revenue in Jun-2012 and Jul-2012 while load factor also increased by 27%. [more - original PR]

Bahrain Air: "We are currently putting every effort to reach an agreement with our creditors for the restructuring of our debts that accumulated as a result of the unfortunate events that took place in Bahrain and the region. We are optimistic of our ability to improve our performance further in the coming months in the hope of continued stable economic, security and political conditions and receiving the required cooperation and support to our Commercial operations from the concerned authorities," Richard Nuttall, CEO. Source: Company statement, 15-Aug-2012.