Royal Jordanian confident of full year profit
After weathering a period of intense fuel prices Royal Jordanian Airlines has reported an operating profit of USD33.9 million for the first nine months of 2008, even as its fuel costs almost doubled. The carrier suffered an overall net loss of USD2.8 million for the nine-month period, with much of the loss attributable to a USD24.0 million decline in the value of its fuel hedges as oil prices have plummeted. [1057 words]
Unlock the following content in this report:
- Fuel costs hurting bottom line
- Passenger growth provides strong base for full year results
- Cautious optimism for full year results, but 2009, and beyond, looking challenging
Graphs and data:
- Royal Jordanian financial & traffic highlights: Nine months ended 30-Sep-08
- Royal Jordanian revenue vs operating costs: 1Q08-3Q08
- Royal Jordanian passenger traffic: Jan-08 to Sep-08
- Royal Jordanian passenger numbers & load factor (%): 2001 to 2008YTD
- Jordan combined domestic & international market share breakdown: Week beginning 16-Nov-08
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