I always thought there was something odd about the losses that we keep getting told we are making & here is a good example.
According to our management we are expected to post losses of US$500 million for 2009.
Gulf Air expects $500m loss in 2009 - paper - Transportation - ArabianBusiness.com
Then according to IATA the combined losses for the Middle East region are
US$1.2 billion.
Mideast airline losses seen falling to $300m in 2010 - Travel & Hospitality - ArabianBusiness.com
So 41% of the losses in the region are Gulf Air's???
With Emirates having over 130 airplanes, Qatar over 70 & Etihad over 50 it doesn't add up that with just our 32 airplanes that we are in such bad shape??? Also, the losses projected by IATA for the region include a few other carriers as well. One word-STEALING!!!