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Royal Jordanian pax up 14.6%; Kenya Airways to increase domestic and regional services

Analysis

Wataniya Airways, a subsidiary of Kuwait National Airways (0%), announced the opening of its new 24-hour guest telephone contact centre starting at Ramadan.

Royal Jordanian (+1.3%) shares slightly rose after announcing its passenger numbers were up 14.6% in Jul-2010:

  • Passenger numbers: +14.6% year-on-year;
  • Load factor: 79.3%, +5.0 ppts;
  • Flight departures: 3,538, +9.1%;
  • Flying hours: 10,257, +8.6%;
  • Fleet utilisation: 4.5%.

Royal Jordanian President and CEO, Hussein Dabbas, stated the carrier is witnessing high demand over the summer season, with traffic growth also evident for this month and Sep-2010.

Meanwhile, Kenya Airways (0%) announced plans to increase domestic and regional services with an additional B737 aircraft, on lease from KLM. The carrier stated the aircraft will be initially put into operation on Nairobi-Mombasa services.

Selected African and Middle Eastern airlines share price movements (% change): 10-Aug-2010

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