August 4, 2008

RJ’ First Half Earnings Up 33 Pct

RJ' first half earnings up 33 pct

AMMAN, Aug. 3 (Xinhua) -- Royal Jordanian Airlines (RJ)'s first- half operational earnings rose by 33 percent from the same period of last year, and settled at 315 million Jordanian dinars (about 444.9 million U.S. dollars), local daily Jordan Times reported on Sunday.

RJ's President Samer Majali attributed the record increase in a press release to some 22 percent growth in the number of passengers, from 1 million in the first six months of 2007 to 1.22 million passengers this year.

In the meanwhile, RJ's operational expenses hiked to 316 million dinars due to the soaring fuel bill, which currently makes up 42 percent of its operational costs, according to Majali.

Together with freight operation, RJ's mid-year income showed a net loss of 3.1 million dinars, which chairman of RJ's director board Nasser Lozi said were much better than previous expectation given the skyrocketing jet fuel prices.

The RJ serves a route network of 55 destinations directly from Amman and more than 700 destinations through its membership in the Oneworld alliance.

The Oneworld alliance is the third largest global airline alliance after Star Alliance and SkyTeam. It brings together 10 of the world's leading airlines, all committed to providing world- class service and value. (1 U.S. dollar= 0.708 Jordanian dinars)

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