Royal Jordanian reports profitable first nine months

Royal Jordanian’s new President and CEO, Hussein Dabbas, has started his tenure at the carrier with a strongly profitable quarter, reporting a net profit of JOD17.8 million for the three months to 30-Sep-2009. For the nine months to 30-Sep-2009, the carrier has reported a net profit of JOD25.5 million, while operating profit was up 89% year-on-year, to JOD40.7 million. [1605 words]

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This report contains the following subheadings:

• Revenue decline accelerating
• Cost control the key to profitability, but new revenue needed
• A “satisfying” full year profit due?
• A merger required to foster growth
• oneworld Alliance gives incentive to expand international footprint

This report contains the following charts and tables:

• Royal Jordanian financial & traffic highlights: Nine months ended 30-Jun-2009
• Royal Jordanian quarterly revenues: 2008 & 2009