Gulf Air A320. Courtesy, Airbus Bahraini flag-carrier Gulf Air said it is seeing the first results of its major restructuring program to restore profitability. The cost-cutting plan, which was announced in December 2012, is targeting a 24% in cost savings by year end. The airline said it is on track to realize that goal, despite a difficult operating environment. Gulf Air said in January it reduced losses 34% compared to the year-ago month, through measures such as the closure of ...

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