24-Feb-2011 4:38 PM
Royal Jordanian reports 66% fall in net profit in 2010
Analysis
Royal Jordanian Airlines reported a 66% year-on-year decline in net profit to USD13.5 million as fuel costs jumped 35% to USD285.9 million in 2010. Operating costs jumped 20% to USD849.3 million during the period. Shares in Royal Jordanian were down 1.3%.
Summary
- Royal Jordanian Airlines experienced a significant decline in net profit, down 66% year-on-year.
- Fuel costs for Royal Jordanian Airlines increased by 35% in 2010.
- Operating costs for Royal Jordanian Airlines rose by 20% during the same period.
- Shares in Royal Jordanian Airlines declined by 1.3%.
- Air Arabia and Jazeera Airways saw a recovery in their share prices, increasing by 0.9% and 1.7% respectively.
- These share price movements were observed on 23-Feb-2011 in the Middle East, Africa, and Asia Daily (MEAAD) market.
Shares in Air Arabia and Jazeera Airways recovered in trading yesterday, up 0.9% and 1.7% respectively.
Selected MEAAD daily share price movements (% change): 23-Feb-2011
