If you invested in Royal Jordanian a year ago, you would not be a happy punter today, having lost more than 63 per cent of your money.
Jordan's largest transport company by market capitalisation, hit a 52-week low of 0.56 Jordanian Dinars on Tuesday, and was still there yesterday. In the past month the stock has hit a new 52-week low 13 times and in the past three months, 28 times.
The assessment this week of Royal Jordanian by News Bites, the independent financial news website, makes grim reading for shareholders. "Trailing one week: the stock was unchanged twice, fell twice, and rose once. The value of 1,000 dinars invested a week ago is 949 dinars, or loss of 5.1 per cent.
"Trailing one month: the stock fell 11 times, was unchanged seven times and rose five times. The value of 1,000 dinars invested a month ago is 889 dinars, or loss of 11.1 per cent.
"Trailing one year: the value of 1,000 dinars invested one year ago is 368 dinars against 859 dinars for the Amman Stock Exchange index, for a capital loss of 632 dinars. The total return to shareholders for one year is minus 63.2 per cent."
The airline has suspended flights to five destinations from this month, blaming regional turmoil and higher fuel prices, said the state-run Petra news agency. The carrier, based in Amman, will halt flights to Brussels, Munich, Al Ain and two other destinations in the Gulf to be announced soon, Hussein Dabbas, the chief executive of Royal Jordanian told Petra. The airline will also cut the number of its flights to Rome, Vienna, Zurich, Geneva, Amsterdam, Kuala Lumpur and Khartoum, he said.
Royal Jordanian cancelled 1,300 flights last year and more than 460 flights scheduled in the first quarter of this year due to a drop in the number of passengers, he said.
The performance, however, comes against Royal Jordanian reporting a record number of passengers - 268,000 - in January, an increase of 25 per cent.
But soaring fuel prices pushed the airline's fuel bill in January to 23.1 million dinars, compared with 17.7m dinars in the same month last year, an increase of 30 per cent.
dblack@thenational.ae
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Reputation
Taylor Swift
(Big Machine Records)
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
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What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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Starring: Idris Elba, Caleb McLaughlin, Jharrel Jerome
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EA Sports FC 24
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Director: Rolan Emmerich
Stars: Patrick Wilson, Halle Berry
Rating: 3/5
Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
