Gulf Air said it exceeded its target for cutting heavy losses in 2013, with a 52% deficit reduction compared to 2012. The Bahraini national carrier added that its restructuring strategy, launched in December 2012, caused it to overshoot its restructuring target by BD14.5 million ($38.4 million) in 2013. As a state-owned organization, the airline is not obliged to publicly issue actual figures and it issues few details of revenues or passenger numbers. It has, however, been loss making for ...

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