After four consecutive years in the black, Royal Jordanian suffered a JOD23.4 million ($32.8 million) net loss in 2008 as it absorbed JOD46.7 million in fuel hedge losses after reporting a JOD20.4 million profit in 2007. Operating revenue rose 29% to JOD703 million on a 14.1% increase in passenger numbers to 2.7 million. Yield grew 11% due to the increased ticket prices necessitated by soaring fuel costs. RJ's fuel bill jumped nearly 73% to around JOD285 million. It posted an JOD18.7 million ...

Subscribe to Access this Entire Article

"Fuel hedges drag Royal Jordanian to first loss in five years" 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?

Already registered? here.