24-Aug-2009 11:21 AM

Gulf Air yields down 15-20% this year

Gulf Air CEO, Samer Majali, announced passenger numbers are down 3% for the seven months ended 31-Jul-09, while yields are 15-20% lower compared to the previous corresponding period (Reuters, 23-Aug-09). Mr Majali stated that capacity deployment is “very tight” and the global economic slowdown has “put major brakes on yields”.