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First quarter loss for Royal Jordanian

20-May-2009

After a net loss of USD33 million in 2008, Royal Jordanian’s challengeshave continued into 2009, with the carrier reporting a loss of approximately USD12 million for the three months to 31-Mar-2009. The result is significantly worse than the USD6.2 million net loss reported for the same period last year. CEO, Samer Majali, has attributed the result to a decline in both passenger numbers and yield. [675 words]

Unlock the following content in this report:

Subheadings:

  • Outlook: First quarter weakness no reason for concern
  • Possible compensation from Boeing

Graphs and data:

  • Royal Jordanian financial & traffic highlights: Three months ended 31-Mar-2009
  • Royal Jordanian 2008 revenue breakdown by region
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