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Royal Jordanian targeting 12% year-on-year increase in revenue in 2010; Kenya Airways flat

Analysis

Royal Jordanian was up at the end of trading on Friday. Over the weekend, President and CEO, Hussein Dabbas, stated the carrier is targeting a 12% year-on-year increase in revenue in 2010 and a 10% year-on-year increase in passenger numbers. For 2009, the carrier reported USD843 million (JOD598 million) in revenue (-14.6% year-on-year) and transported 2.7 million passengers (-1.0% year-on-year).

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