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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

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