Royal Jordanian reports net loss in 1Q2012

Royal Jordanian Airlines revenue up 21% - financial highlights for three months ended 31-Mar-2012:

• Revenue: JOD172.8 million (USD244.6 million), +20.9% year-on-year;
  • Passenger: JOD101.7 million (USD144.0 million), +15.1%;
  • Cargo: JOD9.7 million (USD13.7 million), +3.0%
  • Excess baggage:: JOD1.6 million (USD2.3 million), +13.9%;
• Cost of revenues: JOD172.8 million (USD244.6 million), +12.3%;
• Net profit (loss): (JOD16.5 million), (USD23.4 million), compared to a loss of JOD28.4 million (USD40.2 million in p-c-p;
• Total assets: JOD397.0 million (USD561.9 million), +12.3% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: JOD78.6 million (USD111.3 million), +127.0% when compared to period ended 31-Dec-2011;
• Total liabilities: JOD355.4 million (USD503.0 million), +20.3% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = JOD0.7065 for the period