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Royal Jordanian 1Q2011 net loss doubles

7-Jun-2011 12:14 PM

Royal Jordanian Airlines revenue – financial highlights for the 12 months ended 31-Mar-2011:

  • Revenue: USD201.5 million, +5.9% year-on-year;
    • Scheduled services: USD141.1 million, +1.2%;
      • Passenger: USD124.6 million, +0.3%;
      • Cargo: USD13.3 million, +11.4%;
      • Excess baggage: USD2.0 million, -15.2%;
  • Cost of revenues: USD216.9 million, +20.1%;
  • Net profit (loss): (USD40.1 million), compared to a loss of USD16.6 million in p-c-p;
  • Total assets: USD551.7 million, +1.7% when compared to period ended 31-Dec-2010;
  • Cash and bank balances: USD68.3 million, +8.2% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD428.0 million, +13.0% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at JOD1 = USD1.40944