Gulf Air Makes Progress in Climb Back to Profitability | Aviation International News

Gulf Air Makes Progress in Climb Back to Profitability

The carrier cuts its losses by nearly 33 percent

Gulf Air's fleet now consists only of Airbus jets but it holds orders for Bombardier CSeries CS100s and Boeing 787-8s. (Photo: Gulf Air)

By Charles Alcock • Managing Editor

September 15, 2015

Gulf Air today announced its best annual financial results since 2004, marking what the Bahrain-based carrier hopes will start a long march back to profitability. In 2014, the airline reduced its losses by almost 33 percent from BHD 93.3 million ($245.38 million) to BHD 62.7 million ($164.9 million).

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