Government to provide support as Royal Jordanian losses soar
Royal Jordanian Airlines has posted a pre-tax and net loss of JD25.4m ($35.8m) for Q1, five times the figure recorded last year. The company recorded a 21% fall in revenues to JD114m, including JD87m from scheduled passenger services, but only a 6% reduction in expenditure to JD117m. Royal Jordanian turned in a quarterly operating loss to 31 March of JD17m, contrasting with a profit of JD4m in the same period of 2019. It says the Jordanian government’s decision to suspend passenger services to and from Jordan from 17 March has “significantly affected” the carrier’s revenues to “unprecedented levels”. The cancellations led to ticket refunds totalling some JD19m over the accounting period.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-07-20/oneworld/government-to-provide-support-as-royal-jordanian-losses-soar
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Government to provide support as Royal Jordanian losses soar
Royal Jordanian Airlines has posted a pre-tax and net loss of JD25.4m ($35.8m) for Q1, five times the figure recorded last year. The company recorded a 21% fall in revenues to JD114m, including JD87m from scheduled passenger services, but only a 6% reduction in expenditure to JD117m. Royal Jordanian turned in a quarterly operating loss to 31 March of JD17m, contrasting with a profit of JD4m in the same period of 2019. It says the Jordanian government’s decision to suspend passenger services to and from Jordan from 17 March has “significantly affected” the carrier’s revenues to “unprecedented levels”. The cancellations led to ticket refunds totalling some JD19m over the accounting period.<br/>
