Gulf Air's restructuring strategy is having dramatic results already.
Figures revealed last night show that last month, through implementation of cost-saving measures and an aggressive efficiency drive, Bahrain's national carrier reduced its overall losses by more than 34 per cent compared with January last year.
The airline also posted a 9.6pc increase in passenger revenue against its budgeted revenue and increased its yields by more than 8pc.
"Gulf Air - which announced a restructuring strategy last December, spearheaded jointly by the airline's board of directors led by its chairman and Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa and the airline's management - recorded restructuring progress within a month of its on-going implementation," said a statement last night.
Read more: http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=348244
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