Despite a 30 million dinar ($79.6 million) increase in fuel expense for the year, Gulf Air reported a net profit of 1.5 million dinars for 2004, a complete turnaround compared to a net loss of 19.9 million dinars in 2003. Revenue rose 23.8% to 476.3 million dinars on a 27% jump in passenger revenue, which was driven largely by a 24.3% increase in premium passengers carried during the year. The company said similar growth was seen in cargo revenue, which climbed 20.4% year-over-year. Looking ...

Subscribe to Access this Entire Article

"Revenue increase helps Gulf Air find the black" 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.