Royal Jordanian sustained losses of JD79.1m in 2022

Royal Jordanian sustained losses of JD79.1m in 2022 RJ
(Photo: Twitter)
AMMAN — Preliminary financial statements of Royal Jordanian airlines show that the company recorded net losses of JD79.1 million last year, an increase compared to losses sustained in 2021, which totaled about JD74.3 million, Al-Mamlaka TV reported.اضافة اعلان

The statements also showed an increase in the company’s revenues — from JD357 million in 2021 to JD611.8 million in 2022 — at a growth rate of 71 percent.

Meanwhile, the company's operations and operational performance indicators also witnessed a significant improvement in 2022, as the company transported 3 million passengers compared to 1.6 million passengers in 2021, an improvement of 91 percent, and the aircraft filling rate increased to 77 percent compared to 68 percent for the previous year.

New destinations, high fuel pricesThe number of flying hours and take-off times increased by 60 percent, as most of the destinations to which operations were suspended during the COVID-19 pandemic were reactivated, in addition to the operation of flights to new destination — the airline flew to 48 destinations during 2022, compared to 32 stations during 2021.

The company indicated that the increase in fuel prices by 69 percent during 2022 led to an increase in its oil bill by JD97.8 million compared to the previous year, and fuel costs accounted for 50 percent of the variable operating costs for the year 2022 compared to 37 percent for the year 2021.

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