profit

RJ Soars Back to Profit

Royal Jordanian returned to operating profit this year for the first time in more than a decade.

RJ achieved a JD31.8 million net profit in the third quarter of 2017 against JD12.9 million attained in the same period last year, up 146 percent.

RJ CEO Stefan Pichler told reporters the airline achieved a net income of JD5.4 million in the first nine months of this year, compared to a net loss of JD2.7 million in the same period of 2016.

Pichler said the total value of the national carrier’s revenues from January to September amounted to JD487 million compared with JD474 million for the corresponding period of 2016, up by 2.7 percent.

Pichler said the number of passengers who flew with RJ over the same period rose 5 percent to 955,000.

He further noted that RJ seeks to be the number one airline in the Levant through competitive prices, upgraded services and the opening of additional routes in the next five years to Washington, Copenhagen, Stockholm and Kyrenia in Cyprus. RJ will also work to resume flying to Damascus, Mosul, Sana’a, Aden and Benghazi, Pichler said.

Updated November, 16