Royal Jordanian Q1 losses deepen

03 May 2009

First quarter losses at Royal Jordanian have deepened as a result of declining passenger numbers and less freight being carried. RJ's net loss has almost doubled to JD8.5m ($12 million) in the first quarter of 2009 compared to JD4.4m in 2008, while revenue fell by 11% to nearly JD124m, compared to JD138m a year earlier. The fall in passenger numbers, which dropped from 553,000 in Q1 2008 to 491,000, was accompanied by a 5% decline in revenue per passenger, said Samer Al Majali, Royal Jordanian's CEO.

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