Loading
7-Jun-2011 12:14 PM

Royal Jordanian 1Q2011 net loss doubles

Royal Jordanian Airlines revenue – financial highlights for the 12 months ended 31-Mar-2011:

  • Revenue: USD201.5 million, +5.9% year-on-year;
    • Scheduled services: USD141.1 million, +1.2%;
      • Passenger: USD124.6 million, +0.3%;
      • Cargo: USD13.3 million, +11.4%;
      • Excess baggage: USD2.0 million, -15.2%;
  • Cost of revenues: USD216.9 million, +20.1%;
  • Net profit (loss): (USD40.1 million), compared to a loss of USD16.6 million in p-c-p;
  • Total assets: USD551.7 million, +1.7% when compared to period ended 31-Dec-2010;
  • Cash and bank balances: USD68.3 million, +8.2% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD428.0 million, +13.0% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at JOD1 = USD1.40944

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More