Loading
26-Sep-2011 4:16 PM

Royal Jordanian net loss doubles in 2Q2011

Royal Jordanian Airlines revenue up 1% – financial highlights:

  • Three months ended 30-Jun-2011:
    • Revenue: USD255.1 million, +1.4% year-on-year;
      • Scheduled passenger: USD157.2 million, -6.8%;
      • Excess baggage: USD2102 million, -6.0%;
    • Cost of revenues: USD265.2 million, +22.9%;
    • Profit (loss) before tax: (USD15.4 million, compared to profit of USD6.6 million in p-c-p;
    • Net profit (loss): (USD15.5 million), compared to a profit of USD6.5 million in p-c-p;
  • Six months ended 30-Jun-2011:
    • Revenue: USD457.0 million, +3.3%;
      • Scheduled passenger: USD282.0 million, -3.8%;
      • Excess baggage: USD4127 million, -10.8%;
    • Cost of revenues: USD482.6 million, +21.6%;
    • Profit (loss) before tax: (USD55.6 million), compared to a loss of USD10.1 million in p-c-p;
    • Net profit (loss): (USD55.6 million), compared to a loss of USD10.2 million in p-c-p;
    • Total assets: USD572.1 million, +5.2% when compared to period ended 31-Dec-2010;
    • Cash and bank balances: USD86.0 million, +36.0% when compared to period ended 31-Dec-2010;
    • Total liabilities: USD463.5 million, +22.1% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at JOD1 = USD1.41243

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