Royal Jordanian recorded a JD 27.5 million net profit after tax in the third quarter of 2023, while in the same period of 2022, it registered a JD 1 million loss.
The company also registered revenue of JD 232.8 million in the third quarter of 2023, a 16% increase, while over the same period of 2022, it made JD 201.2 million.
RJ Vice Chairman/CEO Samer Majali said that the number of passengers in Q3 of 2023 went up by 22%, when RJ aircraft transported 1.1 million passengers, whereas, in the corresponding period of 2022, it carried 900,000 passengers. This meant a 1.1-point higher seat load factor, from 78% in the comparison period of 2022 to 79.1% in 2023.
In the first nine months of 2023, RJ attained a JD 10.8 million net profit after tax, while it incurred a JD 71.6 million loss in the same period of 2022. The operating revenues in the January-September period of 2023 increased to JD 581.5 million from JD 452.2 million in 2022, recording an increase of JD 129.3 million; i.e. 29% growth over the same period of 2022. This is mainly attributed to the 36% increase in passenger revenues, which reached JD 130.2 million, due to a 24% increase in the number of passengers, from 2.3 million in the first nine months of 2022 to 2.8 million in the comparison period of 2023. The fuel bill also went down in the first nine months of 2023, to JD 13.7 million.
Source: Royal Jordanian