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FinancialNews
05-05-19
Royal Jordanian jumps 8 percent in operating profits
(MENAFN) Operational revenues of flag carrier Royal Jordanian stood at USD921 million in 2018 to register a jump by 8 percent, compared to the USD854.4 million recorded a year earlier.
Chairman of Board of Directors for the Jordanian flag carrier Said Darwazah explained that the improvement is driven by a 4 percent boost in passenger traffic to hit 3.3 million travelers.
This increase is also attributed to hikes in the load factor to reach 73.8 percent last year compared to 71.2 percent in 2017, the chairman noted.
Darwazah added that net income was expected to be higher, however, fuel price hikes interfered as the carrier spent USD794 million in its total operations to mark a 7 percent surge.
MENAFN0505201900450000ID1098477745
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