Royal Jordanian warns of half-year losses

This story is sourced from Pro
See more Pro news »

Royal Jordanian has warned it will record "losses" for the first six months of the year as a result of security concerns having forced it to close five international routes since 2012.

The Amman-based carrier made a small net profit of JD1.1 million ($1.5 million) in 2012, reversing the previous year's loss, but has since suffered "big losses" after halting routes to Benghazi in Libya, Mosul in Iraq, and Damascus and Aleppo in Syria over the period 2012-13.

On 13 July, the Jordanian flag carrier suspended its route between Amman and Tripoli following what it terms "fierce clashes" between militias aiming to take control of Libya's main international airport.

"In 2012 and 2013, RJ incurred losses of JD19.4 million because of suspending service to Damascus and Aleppo and also changing the route of its operations between Amman and Beirut. In addition to the mentioned losses, the airline is to witness losses in the first half of this year because of closing the mentioned five destinations," the airline says.