Subscribe Free
in Air Transport / Business & Finance

Royal Jordanian Q1 figures show impact of virus

Posted 18 July 2020 · Add Comment

Royal Jordanian’s commitment to retain staff through the early stages of the coronavirus pandemic has, unsurprisingly, affected its first quarter earnings,

The group recorded a $35.8 million loss overall as revenues on the airline activities fell 21% to $160m while costs were only reduced by 6% to $164 million
In a statement the Amman-based group said the Jordanian government’s decision to suspend passenger services from 17 March significantly affected its revenues to “unprecedented levels”.
The government has recognised this and has provided a “comfort letter” that is will aid the airline through the recovery. The carrier has already rescheduled leases and loan payments and received a $70 million financial injection from its shareholders,



Image: Royal Jordanian

* required field

Post a comment

Other Stories
Latest News

Etihad Airways supports the UAE’s aid mission to Beirut

Etihad Airways in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported 16 tonnes of aid from the government of the United Arab Emirates to Lebanon.

Egypt issues travel decree

The Egyptian Ministry of Civil Aviation has said that the Prime Minister’s decree on prohibiting travelling to Egypt, unless all travellers have a negative PCR test, is applicable only to non-Egyptians.

Qatar Airways resumes more flights to Africa

Qatar Airways will resume services to Jomo Kenyatta International Airport (NBO) - Nairobi, Kenya with 14 weekly flights and to Kigali International Airport (KGL) - Kigali, Rwanda with three weekly flights.

Alpha Aviation Academy launches online store

Alpha Aviation Academy UAE has launched Alpha Aviation Store, an online store dedicated to aviation apparel, gifts, supplies, accessories, appliances and aircraft models.

Air India Express flight from Dubai crashes

An Air India Express flight carrying 191 people onboard from Dubai has crash landed at Calicut Airport after overshooting the runway in heavy rain.

Etihad reports strong start to first half of 2020

Etihad Airways has provided details of its first half-year 2020 performance, which saw a strong start to the year, with the airline progressing well ahead of its transformation plan targets.

AMAC Aerospace SK
See us at
Global Aerospace Summit 2020World Defence Show 2022Saudi International Airshow 2021Manama Air Power Symposium 2020Aviation MENA 2021