Subscribe Free
in Business & Finance

Royal Jordanian registers JD24.4 million net profit in first 9 months of 2019

Posted 28 October 2019 · Add Comment

The Royal Jordanian Board of Directors approved the financial results for the third quarter and the first nine months of this year during a meeting it held on October 23, 2019.

 

The meeting was chaired by RJ Board of Directors Chairman Said Darwazeh, in the presence of RJ President/CEO Stefan Pichler.

The company's financial results have shown remarkable improvement in the net profits achieved in the first nine months of 2019, which stand at JD24.4 million after tax, compared to JD10.2 million for the comparison period of 2018, or a 139% increase.

The operating revenues for the same period also went up, from JD510 million in 2018 to JD514 million this year, a 1% increase, while the operating cost decreased by 4%, from JD430 million in the first nine months of 2018 to JD412 million in the same period this year. As a result, the gross profit recorded by the company in the first nine months of this year increased by 28%, from JD80 million in 2018 to JD102 million this year.

RJ President/CEO Stefan Pichler said: “The company has continued to post positive financial and operational results in 2019 due to the turnaround plan, launched in the last quarter of 2017, which we are implementing and which aims at enhancing RJ’s financial and operational performance, as well as raising the standard of services we offer our guests. All is done following a clear plan supported by the Board of Directors, a plan that set the ambitious goal of enhancing RJ’s presence and competitiveness regionally and globally, and strengthening its strategic role as the national carrier and a bridge connecting Jordan and the Levant with the world.”

 

Other Stories
Advertisement
Latest News

Etihad Cargo helps transport Covid-19 vaccine across the world

The Department of Health Abu Dhabi, Etihad Cargo, Abu Dhabi Ports Group, Rafed and SkyCell have collaborated to handle more than six billion vaccine doses to be distributed across the world.

Algeria to get 14 Su-57 fighters from Russia

Algeria has reportedly signed a contract to purchase 14 Russian Su-57 fighters, becoming the first customer of the fifth-generation stealth jets outside Russia. Jay Menon reports.

Gulf Air gears up for F1 Gulf Air Bahrain Grand Prix

Gulf Air has started its countdown to be the title sponsor of F1 Gulf Air Bahrain Grand Prix which will take place between 27-29 November.

Dnata launches dedicated inflight retail unit

Dnata has launched a dedicated inflight retail centre of excellence.

Swissport expands its services in Saudi Arabia

Swissport International has added Al-Qassim to its growing network in the Middle East. Last week, a first flight of Pakistan International Airlines has been handled successfully at Prince Naf Bin Abdulaziz International Airport

Emirates completes refund backlog

Emirates has completed an intensive programme to clear its backlog of refund requests which was caused by pandemic-related travel disruption.

Airport Security 2710091220
See us at
World Defence Show 2022CONNECT BT0610090421Aviation MENA 2021MEBAA Show 2021 BTSaudi International Airshow 2021