Wednesday 11 November 2009

Gulf Air expects $500 mln loss in 2009

Bahrain's state-owned carrier Gulf Air [GULF.UL] expects to post a loss of 189 million Bahraini dinars ($501 million) this year, a member of Bahrain's parliament said in remarks published on Wednesday.

A report in the Gulf Daily News said the figure was presented by the ailing carrier to parliament on Tuesday, citing Abduljalil Khalil, a member of parliament.

The company has been in a restructuring with lay-offs and closures of routes since 2002.

No comments:

Post a Comment