MIDDLE EAST: Royal Jordanian turns profit in tough year

Royal Jordanian has announced a net profit of JD28.6 million (US$40.3 million for the financial year 2009 against net losses of JD24.7 million experienced in 2008. Operational revenues decreased from JD700 million in 2008 to JD598 million achieved in 2009, a decline of 15 per cent, which Royal Jordanian president and CEO, Hussein Dabbas attributed […]


Royal Jordanian has announced a net profit of JD28.6 million (US$40.3 million for the financial year 2009 against net losses of JD24.7 million experienced in 2008.

Operational revenues decreased from JD700 million in 2008 to JD598 million achieved in 2009, a decline of 15 per cent, which Royal Jordanian president and CEO, Hussein Dabbas attributed to the impact of the global economic crisis on travel and also to what he described as “a remarkable regression in cargo” which saw cargo decline 27 per cent compared with a year earlier.

Dabbas expressed optimism about the future of the company and its potential to achieve better results this year which is expected to see increased travel and tourism at global level.