Gulf Air reports reduced losses in H1 2014

Gulf Air has announced it has cut its losses for the first half of the financial year by “more than 30%,” compared to the same period last year. It also reported an increase in revenue of 10% compared to the first half of 2013, mainly through improved load factors and increasing levels of connecting traffic.The Bahrain-based carrier does not normally divulge financial performance as it is a state-owned airline.Shaikh Khalid bin Abdulla Al Khalifa, Bahrain’s deputy prime minister and Gulf Air chairman, said:“The first two quarters of 2014 have been critical in the national carrier’s recent, post-restructuring development. These positive