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.”

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Carbon emissions per passenger decrease more than 50% since 1990

The International Air Transport Association (IATA) published information confirming that carbon emissions per passenger have declined by more than 50% since 1990.

First E175-E2 jet completes its maiden flight

The Embraer E175-E2 made its inaugural flight today from the company’s facility in São José dos Campos. The E175-E2 is the third member of the E-Jets E2 family. The maiden flight kicks off a rigorous 24-month flight test campaign.

Jasmin Airways obtains AOC

The new private Tunisian airline Jasmin Airways has obtained its Air Operator’s Certificate (AOC) from the national civil aviation authority. Acting Transport minister, René Trabelsi, told Anuradha Deenapanray Chappard that

Wizz Air announces proposed establishment of Wizz Air Abu Dhabi

Wizz Air has announced that it has reached agreement in principle for the establishment of Wizz Air Abu Dhabi, United Arab Emirates in partnership with Abu Dhabi Development Holding Company.

Qatar Airways launches augmented reality game with Facebook

Qatar Airways has launched a new Augmented Reality (AR) experience that allows customers to play an innovative football game where they must ‘Blink to Score.’

Flydubai touches down in Krabi

Flydubai’s inaugural flight has touched down in Krabi in Thailand, becoming the first UAE-based airline to offer flights to the popular holiday destination.

CFMSK2111211219
See us at
AVMENA20 BT1309100620Sofex BT2611020420AVAFA20BT2607050320SaudiAirshow21SK2011180221