Royal Jordanian records higher revenues, reduced losses, improved performance - Jordan News
Royal Jordanian records higher revenues, reduced losses, improved performance Royal Jordanian Airlines (RJ) recorded higher revenues, improved operating profits, and reduced post-tax losses in 2024, according to the company's latest financial results. اضافة اعلان RJ announced that its operating revenues rose to JOD 745.6 million, compared to JOD 733.2 million in 2023, while its operating profit reached JOD 11.8 million, up from JOD 3.2 million the previous year, reflecting an increase of more than 260 percent. Post-tax losses dropped to JOD 3.5 million, compared to JOD 8.7 million in 2023, marking a 59 percent decline. The company attributed these positive indicators to continuous efforts to control costs, enhance performance efficiency, and boost operational flexibility despite highly complex regional conditions. The results were announced during the company's ordinary and extraordinary general assembly meetings, held on Sunday via videoconference, chaired by Saeed Darwazah, Chairman of the Board of Directors, and attended by Samer Majali, Vice Chairman and Managing Director. The meetings discussed the Board of Directors' report on RJ's activities and outcomes for the fiscal year 2024, as well as the plan for 2025. The auditors' report, annual balance sheet, and profit and loss account were also reviewed and approved by the General Assembly. Darwazah stressed that Royal Jordanian would continue to advance toward achieving its strategic goals despite the ongoing challenges posed by regional and international developments, including the repercussions of the wars on Gaza and Lebanon and broader political and economic fluctuations affecting the aviation sector and travel to and from Jordan. He emphasized that RJ has maintained its pivotal role in ensuring Jordan's connectivity with the outside world, despite the regional crises. Darwazah recalled similar contributions by RJ during critical periods in history, such as the air blockade on Iraq and the COVID-19 pandemic, highlighting the airline's commitment to fulfilling its national duty under all circumstances. For his part, Majali said that Royal Jordanian in 2024 pursued operational and financial growth, striving to enhance its performance across key indicators. He noted that the airline transported approximately 3.7 million passengers during the year, a 4 percent increase compared to 2023, and maintained a strong flight punctuality record, achieving an 88 percent on-time departure rate within 15 minutes. Majali further noted that RJ launched direct flights to new destinations, including London Stansted, Manchester, Moscow, Berlin, and Tripoli. He highlighted that the airline's fleet modernization program progressed with the delivery of five Embraer E2 aircraft in 2024, and 16 additional aircraft including 14 Airbus aircraft and two Embraer E2 aircraft expected by the end of 2025. He underscored that the financial results validate the soundness of RJ's approach in addressing challenges and restoring financial balance. The airline remains committed to a comprehensive reform plan aimed at restructuring costs, diversifying revenues, expanding its route network, enhancing air cargo operations, and investing in support services. Majali also pointed to RJ's focus on human capital development, with the company implementing training and institutional programs to qualify national competencies. He added that Royal Jordanian aims to expand its fleet to 41 aircraft by 2028, accompanied by a clear strategy to ensure the readiness of qualified human resources in line with Civil Aviation Regulatory Authority standards. The expansion strategy, Majali noted, would enhance the airline's ability to meet future growth requirements while maintaining its commitment to corporate social responsibility and sustainability in the aviation sector.
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