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| July 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Arabies Trends)

AVIATION

Gulf Air takes off

Gulf Air has posted its best results in four years - recording losses of just $52.8 million against the 2002 figure of $108 million. Revenues also showed robust growth to just over $1 billion, against $910 million one year earlier. Results were encouraging despite this being the "toughest aviation year ever," according to the Manama-based carrier's CEO, James Hogan. Launched in June 2003, the economy airline Gulf Traveler helped immensely in improving yields in the high-traffic intra-Gulf and Indian subcontinent segments. Further gains can be expected this year as well on this front. The 2003 ...

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