Gulf Air faces a deficit of approximately BHD80 million ($211 million) despite "strong improvements" in key performance indicators during the first quarter because "revenue growth simply cannot keep pace with oil price rises," according to President and CEO James Hogan. "We are looking at a range of options to mitigate these additional costs. We are already seeing a more consistent application of fuel surcharges in all our markets," Hogan said. The airline said first-quarter unit revenues ...

Subscribe to Access this Entire Article

"Fuel costs keep Gulf Air more than $200 million in red" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.