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Gulf Air to return to profit after losses since 1997

Manama, Bahrain - The carrier posted a 2004-profit of USD4m

The Bahrain-based carrier Gulf Air announced that it returned to profitability for the first time since 1997, posting a 2004 net profit of USD 4m, compared with a loss of USD 52,8m the previous year. The carrier said that the strong result exceeded its expectation despite high fuel cost and competition. Gulf Air expected in fact to post a loss even in 2004, by returning to profitability in 2005. The...

AVIONEWS - World Aeronautical Press Agency - 119325
Rome, Italy, 04/26/2005 15:31
AVIONEWS - World Aeronautical Press Agency

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