Royal Jordanian cuts seasonal Q1 losses by half

May 02,2018

President & CEO Stefan Pichler holds press conference:

Q1 2018 results are very promising: losses reduced by JD15.2 million compared to budget and by JD12.4 million compared to the same period in 2017

Q1 revenues increased to JD143 million, a JD16.6 million increase over budget and JD16.9 million over the same period in 2017

A 7% growth in passenger numbers led to a seat load factor of 73.4% against 68.8% in Q1 2017

RJ ended 2017 with a net profit after H1 loss of JD26.3 million

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Royal Jordanian returns to profitability

Apr 26,2018

JD468k net profit before tax in 2017 announced at Annual General Assembly

Darwazeh: Execution of Turnaround plan enabled return to profitability, RJ will enhance its role as the National Carrier to serve the strategic and economic goals of Jordan

Pichler: We generated JD623 million revenue in 2017, a JD25 million increase over 2016 driven by a significantly higher 71 % load factor. 
We achieved a positive operating cash flow of JD22.8 million in 2017.

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