Qatar, no hard feelings, I guess the 'Peninsula' must have been wrong.
Here's an article from the Gulf Daily News (Bahrain) today:
Cost-cutting saves BD11m for Gulf Air
JOB cuts, flight reductions and other cost-cutting campaigns saved Gulf Air BD11.3 million last year, it was revealed yesterday.
In total, 392 jobs were axed, including executive management posts, through cuts or early retirement, said Gulf Air president and chief executive Ibrahim Al Hamer.
"Business policies that were put into place have now shown positive results, and I look forward to further improvement," he said in a statement reviewing the year's performance.
"We have placed a strong emphasis on teamwork, reliability and pride in performance."
Gulf Air had been able to react quickly to the dramatic impact on traffic of the September 11 attacks in the US, said Mr Al Hamer.
"The rapid response in reducing capacity levels ensured that capacity remained balanced with traffic demands," he explained.
Restructuring, retraining and re-focusing of management and staff helped improve performances, according to the review.
It said that more than 73 per cent fewer passengers were denied boarding last month, compared with the same time last year.
Revised schedules and routes improved schedule efficiencies and reduced exposure to poor performing routes, said the statement.
Cargo achieved a 2.3 per cent increase in freight tonne kilometres, despite all the problems.