Gulf Air, Bahrain’s national carrier, has announced that during the first quarter of 2013, it reduced its overall losses by approximately 50% compared to the first quarter of 2012. This was realised principally through a 21% fall in year-on-year expenditure driven by reductions in aircraft leasing fees, flight-related charges and staff expenses in addition to the closure of loss-making routes. The airline is currently three months into a restructuring strategy driven by Gulf Air’s Board of Directors, led by its Chairman H.E Shaikh Khalid bin Abdulla Al Khalifa, the Deputy Prime Minister, and implemented the airline’s management team. Consistent with
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