Sad to see an iconic brand reduced to a regional carrier. I still see hope for this carrier and can revive as a boutique carrier of the Gulf.
They also report reduced losses (by 50 percent) in the 1Q.
Gulf Air's latest attempt at a turn around, launched in late 2012, appears to be quickly producing concrete results for the struggling Bahraini national carrier. The latest in a long line of revival attempts, the plan has dramatically downsized the Gulf’s oldest airline in an attempt to end the years of heavy losses.
At the end of 1Q2013, Gulf Air announced it achieved a 21% cut in overall costs during the quarter, crediting the improvement to a reduction in aircraft leasing fees, cuts to flight-related charges and staff expenses and the closure of loss-making routes.