Jordan News | Latest News from Jordan, MENA
July 4 2022 9:15 AM ˚
e-paper Subscribe Sign in My Account Sign out

RJ reports 68% increase in revenue in 2021

RJ Airbus Flickr
(Photo: Flickr)
  • +
  • -
AMMAN — Royal Jordanian Airlines revenue increased by 68 percent to JD357 million in 2021, according to preliminary financial data, Al-Mamlaka TV reported.اضافة اعلان

A disclosure by Royal Jordanian, published on the Amman Stock Exchange website, showed a decrease of 54 percent in the company’s net losses in 2021 compared to 2020. The company registered JD74.2 million in 2021 losses, compared to JD161 million the year before.

Operational losses also fell to JD12.7 million, a decrease of 81 percent compared to 2021.

RJ CEO Samer Majali said that the company was able to increase operating revenues from JD213 million in 2020 to JD357 million in 2021, as the number of passengers increased from 752,000 in 2021 to 1.6 million in 2021.

“On the other hand, cost of sales increased by 33 percent from JD279 million in 2020 to JD370 million in 2021, as the Company took several measures to reduce costs, such as negotiating with aircraft lessors, implementing defense orders, and the utilization of the support programs of the Social Security Corporation with regard to salaries and wages,” he added.

Majali pointed out that the total operating loss recorded by the company in the year 2021 is about JD12.7 million, compared to JD66.4 million for the year 2020.  He explained that the losses came as a result of the continued impact of the coronavirus pandemic — especially in light of new variants — and the resulting travel restrictions and decrease in the number of passengers.

Majali said that other international airlines were facing the same circumstances, and like other international airlines, Royal Jordanian was continuing to work with major shareholders to cover its direct losses during the pandemic period.

Majali stressed that employees of Royal Jordanian are working as hard as possible to mitigate the company’s losses, which could have been much greater.

Read more Business