Number of passengers grew by 6%; seat load factor went up to 72.8% against 68.4% in H1 2017.The Royal Jordanian Board of Directors approved the financial results for the first half of this year during its session held on July 29, 2018.
The results show that the company registered a remarkable progress in the financial and operational performance despite the 27% increase in the fuel bill over the first half of 2017. RJ revenues grew from JD284 million in the first half of 2017 to JD317 million in the same period of 2018, a 12% increase. However, operational expenses went up by 4% from JD271.4 million in H1 2017 to JD283.4 million in the comparison period of 2018 due to the increase in fuel bill from JD59.2 million to JD74.9 million.
The growing number of passengers lifted the seat load factor by 4.4 points in the comparison period, from 68.4% to 72.8%. As a result, RJ reduced its net loss for the first six months of 2018 to JD12.7 million after tax from JD26.3 million incurred in H1 2017, or 52%.
Source: Royal Jordanian