Sunday, 3 May 2015

Reduced Losses for Royal Jordanian

Royal Jordanian Airlines losses fell by 64 per-cent in the first quarter compared to the same period a year earlier mainly due to the collapse in oil prices, the airline confirmed last week. 

Royal Jordanian announced on Wednesday it made a net loss of 8.3 million Jordanian dinars over the three months ending 31st March 2015 compared to a 23 million loss last year.  

Chairman of the Board of Directors, Sulaiman Al Hafez, stated the losses were due to the drop in oil prices, improvement in airline operations and cost cuts. The airline says it was satisfied with the first quarter performance, signaling the latest stage in a process to return the carrier to profitable operations. 

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