4-May-2010 12:44 PM

Royal Jordanian reports 17% decline in profits in 1Q2010

Royal Jordanian reported a 17% year-on-year decline in profits to USD9.6 million due to higher fuel prices despite a 21% increase in passenger numbers during the first three months of 2010 (Dow Jones, 03-May-2010). The carrier is targeting a 12% increase in revenue this year.