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Gulf Air posts significant growth

Staff Reporter

Airline president says the industry will have to take measures to address fuel costs

KOCHI: Gulf Air president James Hogan has said that revenue growth in airline operations cannot keep pace with oil price rise. Globally, the industry will have to take increasingly stringent measures to address fuel costs, he said in a press release.

"We are looking at a range of options to mitigate the additional costs. We are already seeing more consistent application of fuel surcharges in all our markets. Elsewhere, carriers are cancelling unprofitable routes, optimising schedules and frequencies and delaying aircraft orders," he said.

During the first three months of the current year, the airline's seat factor increased to 73 per cent, reflecting a 6.3 per cent rise in premium passengers and a strong increase in Haj traffic. Gulf Air passenger traffic at Bahrain international airport in the first quarter showed a 24 per cent increase year on year.

The airline's network stretches from Europe to Asia and covers 50 seats in 30 countries. The fleet comprises 34 aircraft and the airline has the distinct advantage of possessing the strongest network across the Middle East.

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