Positive results for Royal Jordanian in H1

Royal Jordanian

Royal Jordanian’s (RJ) president and CEO, Stefan Pichler, recently shed light on positive results during his presentation of the carrier’s financial and operating results for H1 of 2019.

The results shed light on the Jordanian airline’s improved key performance indicators and a growth in the gross profit and net operating profit.

During the first six months of the year, RJ’s flights witnessed a one per cent jump in the number of passengers, compared to the same period last year. The airline’s seat load factor grew from 72.8 per cent last year to 73.1 per cent this year.

IMEX Frankfurt 2020

The company’s operating revenues rose from $440.2 million in the first half of 2018 to $446.1 million in H1 of 2019 – a one per cent increase. RJ was able to reduce operating costs by five per cent, from $391.2 million in the first six months of 2018 to $372.3 million in 2019.

Pichler explained that the rise in revenues, the lower costs and the five per cent lower fuel bill led to registering $4.8 million profit from continuing operations against the $15.6 million loss during the corresponding period last year.

Adding to this, this year RJ recorded a $73.6 million gross profit in H1 against $49 million in the first half of 2018, thus, the airline registered a $2.1 million net profit after tax in the first half of this year, against a net loss of $17.9 million in the same period last year.

Moving on, online sales grew from $56.1 million in the first half of 2018 to $56.7 million in the same period this year. Sales of travel extras increased by 17 per cent from $11.98 million to $14.1 million, and the revenue of the airline’s loyalty programme grew by 44 per cent, whereas the Cost per Available Seat-Kilometer (CASK) decreased by three per cent.