Royal Jordanian posts $37 million loss in first half

By AVB Staff 4 August 2017
Royal Jordanian posts $37 million loss in first half

Royal Jordanian has posted a loss of $37 million in the first six months of 2017, but indicates fortunes might be turning around.

The carrier has said in recorded a net profit of $2.11 million in June, a rise from figures over the previous period when it posted a loss of $2.96 million.

The carrier says it has ferried 253,000 passengers in June, 13 percent over the same period a year ago, and has posted profits despite an increase in fuel prices.

“We have a lot of homework to do to transform RJ into a sustainable, profitable company for our shareholders, a consumer champion for all our guests and an employer of choice for all people in Jordan," the airlines CEO was quoted to say by Aviation Week.

"While we are working on our strategic turnaround plan, we [will] now focus on early wins in the commercial area, like load factor and yield improvement. June worked out pretty well and I am confident that we will make up for the severe losses suffered in the first five months of operations in 2017.”

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