Gulf Air Considers Options to Tackle Unprofitable Operations

Gulf Air, once the Middle East’s biggest carrier, said it’s studying options to address its lack of profitability as a newspaper reported that possibilities include selling the company or reducing its size.

Gulf Air and the government, which owns the airline through sovereign-wealth fund Bahrain Mumtalakat Holding Co., are “working towards a common goal -- to secure Gulf Air’s long-term sustainability,” the carrier said in an e-mailed statement today. A spokeswoman declined to be more specific about the options being considered.