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28-Apr-2016 9:22 AM

Royal Jordanian loss narrows in 1Q2016

Royal Jordanian reported (27-Apr-2016) the carrier's net loss improved from JOD8.3 million (USD11.7 million) loss in 1Q2015 to JOD7.3 (USD10.3 million) loss in 1Q2016. The carrier noted it was able to narrow its loss despite a 5% year-on-year decline in revenue to JOD140.4 million (USD198.1 million) during the quarter. [more - original PR]

*Based on the average conversion rate at JOD1 = USD1.41075

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