ATW Daily News
Royal Jordanian reports bumper third-quarter profit
Thursday October 29, 2009Royal Jordanian reported a JOD25.5 million ($35.7 million) profit through the first nine months of 2009, reversed from a JOD3.8 million loss in the year-ago period, implying third-quarter earnings of approximately JOD17.8 million (ATWOnline, July 30). It posted a profit of some JOD200,000 in the third quarter of 2008. Operating revenue through the nine-month period fell 16% year-over-year to JOD449 million, but fuel costs plunged 50% and "operational costs" dropped 20% on a 4% cut in capacity. Passenger numbers were down 3%, RJ said, load factor declined 8 points to 67% and yield fell 14% to JOD185.
Other headlines:
- 747-8 completes first flight one day shy of 41st anniversary of original 747 flight
- IATA: Airline CFOs confident demand, profitability will continue to improve
- FAA seeks comment on new pilot certification proposals
- Thai approves lease of 15 widebodies
- UPS to begin furloughing 300 pilots in May absent new agreement
- HNA Group to launch new Beijing airline
- Flight recorders recovered from downed Ethiopian 737
- Short-term improvement will not stop 'record' full-year loss at BA
- Steven Udvar-Hazy retires from ILFC
- Finnair annual loss doubles to €102 million
ATW Media Group
If you have a technical question about this site, please contact the Webmaster
Privacy Statement ·
Terms of Use ·
Digital Dropoff ·
Media Kit
Copyright ©2010 Penton Media, Inc.
XML
Podcasts
