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 company's financial results have shown remarkable improvement in the net profits achieved in the first nine months of 2019, which stand at JD 24.4 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 JD 510 million in 2018 to JD 514 million this year, a 1% increase, while the operating cost decreased by 4%, from JD 430 million in the first nine months of 2018 to JD 412 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.
The airline had a 74% seat load factor for the first nine months of 2019, and fleet utilization grew from 12.2 to 12.6 hours per day, a 3% increase. On time performance increased by 2% from 76.4% to 77.8% in the comparison period.
The fuel bill paid by Royal Jordanian decreased by 8%, which contributed to achieving positive financial results in the first nine months of the year.
Source: Royal Jordanian