Air Transport World

Gulf Air.(Africa/Middle East)(Brief Article)

In the second year of Project Falcon, a three-year strategic recovery plan initiated by President and CEO James Hogan, Gulf Air is "making rapid strides" toward becoming profitable by 2005, he says. In the first full year under the program it delivered its strongest performance in four years in 2003, with revenues up 12.1% and losses cut 51.1% to BD19.9 million ($52.8 million). Passenger numbers rose 10.4%. Contributing to the results were various network and service enhancements, competitive pricing in all markets and the successful launch of Gulf Traveller, the company's all-economy subsidiary. …

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