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in Air Transport / Business & Finance

Royal Jordanian sees 2018 improvements across the board

Posted 28 April 2019 · Add Comment

There were smiles at the Royal Jordanian annual meeting today as the national carrier announced a marked improvement in its performance figures to shareholders.


Chairman Said Darwazeh said the figures showed “noticeable improvement” in the operational and financial key performance indicators (KPI) including revenues, grows profit and passenger numbers amongst others.
Darwazeh said there had been an 8% increase ($67m) in revenues to $921million thanks to a 4% increase in passengers from 3.1 million to 3.3 million.
The airline’s CEO, Stefan Pichler said that despite rising fuel costs the airline grew its net operating profit of $26.8 – a rise of 47% over the previous year.
Pichler said cargo sales also improved as did ancillary revenues.
Thanking the RJ employees for their efforts in aiding the cost reduction as well as introduction of other initiatives, Pichler said Royal Jordanian had improved its unit revenues by 5% against last year, and fleet utilization from 11.4 hours/day per aircraft in 2017 to 12.1 hours/day per aircraft in 2018, a 6 % growth.
He added that RJ’s unit cost, excluding fuel, was 4% below 2017. Overall, RJ employee productivity went up by 7% over 2017.

 

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