Royal Jordanian confident of full year profit
After weathering a period of intense fuel prices Royal Jordanian Airlines has reported an operating profit of USD33.9 million for the first nine months of 2008, even as its fuel costs almost doubled. The carrier suffered an overall net loss of USD2.8 million for the nine-month period, with much of the loss attributable to a USD24.0 million decline in the value of its fuel hedges as oil prices have plummeted.
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