RJ POSTS HALF YEARLY LOSS

admin
By admin August 19, 2011 08:45

RJ POSTS HALF YEARLY LOSS

Royal Jordanian has reported a first-half 2011 net loss of JOD39.2 million ($55.5 million), compared to the JOD7.7 million deficit in the year-ago period. Political and social unrest in the region, higher fuel prices and the debt crisis in several European countries contributed to the poor result.

Revenue rose slightly by 3.5% year-over-year to JOD303.7 million as the airline flew on a marginal increase in passengers carried from 1.327 million to 1.399 million. The airline was forced to cancel 677 flights and merged another 80 in the period.

admin
By admin August 19, 2011 08:45
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