Royal Jordanian (RJ) president and CEO Hussein Dabbas has announced he will step down June 1, according to multiple media sources. Dabbas was promoted from VP-marketing, sales and services in August 2009, replacing president and CEO Samer Majali (ATW Daily News, July 30, 2009).

RJ earlier this year announced cost-cutting measures including reviewing fleet size, reducing its network, and implementing a hiring freeze to combat sharp increases in fuel prices and falling demand due to unrest in the region and the euro zone crisis (ATW Daily News, Feb. 9). Its fuel costs in 2011 jumped 44% year-over-year to JD293 million ($411.7 million), compared to JD203 million ($285.3 million) in 2010, pushing overall operations costs up approximately 20%. In January RJ said it expected revenues of JD682million (958.3 million) for the full year 2011. It incurred a first-half 2011 net loss of JOD39.2 million ($55.5 million) on a 3.5% increase in revenues to JOD303.7 million ($426.8 million) (ATW Daily News, Aug. 19, 2011). It canceled more than 1,300 flights in 2011 due to the political unrest in the region. 

According to The Washington Post, Dabbas said RJ is open to “strategic partnerships” in light of competition from larger airlines. The carrier celebrated its 48th anniversary on Dec. 15, 2011.

Photo: Royal Jordanian president and CEO Hussein Dabbas. Courtesy, RJ