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Royal Jordanian net loss doubles in 2Q2011

26-Sep-2011 4:16 PM

Royal Jordanian Airlines revenue up 1% – financial highlights:

  • Three months ended 30-Jun-2011:
    • Revenue: USD255.1 million, +1.4% year-on-year;
      • Scheduled passenger: USD157.2 million, -6.8%;
      • Excess baggage: USD2102 million, -6.0%;
    • Cost of revenues: USD265.2 million, +22.9%;
    • Profit (loss) before tax: (USD15.4 million, compared to profit of USD6.6 million in p-c-p;
    • Net profit (loss): (USD15.5 million), compared to a profit of USD6.5 million in p-c-p;
  • Six months ended 30-Jun-2011:
    • Revenue: USD457.0 million, +3.3%;
      • Scheduled passenger: USD282.0 million, -3.8%;
      • Excess baggage: USD4127 million, -10.8%;
    • Cost of revenues: USD482.6 million, +21.6%;
    • Profit (loss) before tax: (USD55.6 million), compared to a loss of USD10.1 million in p-c-p;
    • Net profit (loss): (USD55.6 million), compared to a loss of USD10.2 million in p-c-p;
    • Total assets: USD572.1 million, +5.2% when compared to period ended 31-Dec-2010;
    • Cash and bank balances: USD86.0 million, +36.0% when compared to period ended 31-Dec-2010;
    • Total liabilities: USD463.5 million, +22.1% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at JOD1 = USD1.41243