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Royal Jordanian reports profitable first nine months
2nd December, 2009
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. [1622 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
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