Bahrain's Gulf Air to slash costs by cutting routes, staff amid restru 16-01-13 02:24 AM DOHA (Zawya Dow Jones)--Loss-making Gulf Air, which is restructuring its business, is targeting cost savings of 24% in 2013 after closing eight unprofitable routes, it said Wednesday. Hit by unrest in Bahrain and competition from the likes of Qatar Airways ... Source... |
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