Gulf Air year-on-year losses cut by 50% | GulfNews.com

Gulf Air year-on-year losses cut by 50% | GulfNews.com:

"Gulf Air, Bahrain’s national carrier, has cut its year-on-year losses by more than 50 per cent, the airline stated in a statement on Sunday.
The cut in year-on-year losses comes as the airline benefited from a strong summer and improved cost efficiency driven by its restructuring plan.
Gulf Air started its restructuring plan in December last year after falling into financial difficulty. It has since cut its workforce by 27 per cent. Year-on-year expenses have reduced by nearly 30 per cent, largely driven through operational and maintenances costs and the workforce reduction."

'via Blog this'