Royal Jordanian reported a 2016 net loss of JD24.6 million ($34.5 million), a sharp reversal from 2015’s net profit of JD16 million. The Jordanian national carrier cited hefty provisions for foreign exchange losses for the negative results. Royal Jordanian also was affected by reduced yields over the year, as competition led to lower ticket prices. Full-year revenues declined 9% year-over-year to JD598.3 million as a result of increased competition from both full-service airlines and ...

Subscribe to Access this Entire Article

"Royal Jordanian posts net loss in 2016" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.