Initial financial statements of Royal Jordanian airlines show that the business taped net losses of JD79.1 million in 2014, an increase compared to losses sustained in 2021, which completed concerning JD74.3 million, Al-Mamlaka TV reported.
The statements likewise showed a boost in the business’s revenues– from JD357 million in 2021 to JD611.8 million in 2022– at a growth rate of 71 percent.
Meanwhile, the firm’s operations as well as functional efficiency indications also saw a significant enhancement in 2022, as the firm carried 3 million guests contrasted to 1.6 million guests in 2021, a renovation of 91 percent, and the airplane filling price raised to 77 percent compared to 68 percent for the previous year.
New destinations, high fuel prices
The variety of flying hours and also take-off times increased by 60 percent, as a lot of the destinations to which procedures were suspended throughout the COVID-19 pandemic were reactivated, in addition to the procedure of flights to new location– the airline company flew to 48 destinations throughout 2022, compared to 32 terminals during 2021.
The company suggested that the increase in gas costs by 69 percent during 2022 caused an increase in its oil bill by JD97.8 million contrasted to the previous year, and also fuel prices made up half of the variable operating costs for the year 2022 contrasted to 37 percent for the year 2021.
Last Updated: 17 February 2023
