Royal Jordanian sees Q1 net loss

A decline in passenger numbers, cargo volumes and the problems in the Gaza Strip have all conspired to push Royal Jordanian into a net loss of US$12 million in the first quarter of 2009, compared to $6.2 million in the same period last year. Freight volumes dropped by 32 per cent in the first quarter, […]


financial results recession Royal Jordanian


A decline in passenger numbers, cargo volumes and the problems in the Gaza Strip have all conspired to push Royal Jordanian into a net loss of US$12 million in the first quarter of 2009, compared to $6.2 million in the same period last year. Freight volumes dropped by 32 per cent in the first quarter, year-on-year and the carrier noted that passenger and cargo numbers had fallen as a result of the events in Gaza during January. . Royal Jordanian saw an 11 per cent decline in revenues during the first quarter, largely attributed to the global financial crisis.