Gulf Air has turned in an annual loss of BD62.7 million ($166 million) for 2014, an improvement on 2013’s figure of BD93.3 million. Last year’s figures continued the slow but steady improvement in the financial situation of Bahrain’s national carrier that, as recently as 2011, lost BD211 million. Gulf Air described the latest, recently confirmed figures as its “best financial results since 2004.” As a state-owned company, Gulf Air is not obliged to post ...

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