Airline Finance News - Africa / Middle East.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 17, 2006 Gulf Air Gulf Air is to gain a new president and chief executive later this year. Present incumbent Australian James Hogan, departing at the age of 50, joined the airline in May 2002 after 12 years with Hertz and latterly British Midland British midland may refer to:
recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. with the "Project Falcon" programme, which re-established Gulf Air as a major force in the Middle East. http://www.gulfairco.com Jul 15, 2006 Gulf Air Gulf Air CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Hogan resigns. Gulf Air announced President and CEO James Hogan will leave the carrier later this year.Hogan, who joined the airline in May 2002, said it was his decision. Two months ago, he reported that Gulf Air faced an BHD BHD In currencies, this is the abbreviation for the Bahraini Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 80 million ($204.5 million) deficit as fuel costs outstripped revenue. Upon his arrival, Hogan introduced the Project Falcon turnaround plan, which helped return the carrier to profit in 2004. The next phase of its development, dubbed Smart Airline, Successful Business, was implemented beginning earlier this year. Jul 11, 2006 Tunisair Tunisair announced that its 2005 net profit improved 43% year-over-year to $29.6 million and that it is planning a $2.6 million capital increase to $60.5 million. It generated $676 million in operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. over the 12-month period, representing a 7% increase. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. also rose 7% to just under $664 million. Jul 10, 2006 |
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