Gulf Air to cut jobs

Loss of $1m a day has prompted the company to consider restructuring plans.

    Gulf Air's accumulated losses and costs, including 2007, would amount $675m [EPA]

    "We are fully aware that these are harsh measures and we have tough times ahead of us," Dose told reporters at the airline's Manama headquarters in Bahrain. "But we need these measures to secure the survival of the company," he said.

      

    Focus on Middle East

     

    Mahmood Al Kooheji, Gulf Air deputy chairman, said: "The loss of $1m a day would even be substantially higher if other costs such as financing were factored in.

      

    "Accumulated losses and costs, including 2007, would amount to $675m."

      

    Dose said the frequency of flights to key destinations would be increased and new connections would be added to growing economic centres.

      

    Loss-making flights to Dublin, Hong Kong, Jakarta, Johannesburg, Sydney and Singapore will be stopped, in favour of concentrating more on destinations in the Gulf and wider Middle East.

      

    Founded in 1974, 80% of Gulf Air is now owned by Bahrain and the rest by Oman after Qatar and Abu Dhabi pulled out in 2002 and 2005 respectively.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.