Annual loss for Gulf Air

Gulf Air has posted an annual loss of BD62.7 million ($166 million) for 2014, although this in an improvement on the loss of BD93.3 million in 2013. The airline stated that this was its best financial result since 2004. Gulf Air also recorded a 15.4% rise in passengers compared to 2013. In a statement, the airline’s chairman and deputy prime minister, Sheikh Khalid bin Abdulla Al Khalifa, said Gulf Air’s 2014 performance “reflects a steady and continued improvement in its financial and operational business.”