Royal Jordanian reports 66% fall in net profit in 2010

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%.

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