Amman – The Jordanian airline Royal Jordanian announced this Wednesday (31) that it saw a year-on-year 1% increase in the number of passengers in H1. The seat load factor grew from 72.8% during H1 2018 to 73.1% in H1 2019. The information is from the Jordanian news agency Petra.
The company recorded operating revenues of JD 316.3 million (USD 446 million), up 1% year-on-year. Its operating costs slid by 5%, according to the company’s CEO Stefan Pichler. The fuel bill also slid by 5%.
Thus, the gross profit increased by 50%, to JD 52.2 million (USD 73.6 million), a continuing operations profit of JD 3.4 million (USD 4.8 million) against JD 11.1 million loss in H1 2018, and the net profit reached JD 1.5 million (USD 2.1 million), against a net loss of JD 12.7 million (USD 18 million) in H1 2018.
The numbers result from the turnaround plan that the company has been implementing since H2 2017. Steps were taken to reduce expenses and improve revenues, as well as attracting travelers, such as enticing offers, improved ground and air services, enhanced online sales, incentives to members of the frequent flyer program, and others.
The CEO stressed that the company has witnessed high demand on flights to the North Hemisphere during the summer season. He believes that Royal Jordanian will end 2019 with net profits and will further enhance its competitive position.
Translated by Guilherme Miranda
