Amman: Royal Jordanian (RJ) airlines’ revenues increased by 71 percent in 2022, reaching JD611.8 million compared with JD357 million in 2021.
According to an RJ statement on Thursday, the revenue growth was propelled by a 91 percent year-over-year increase in passenger volume, which amounted to 3 million in 20222 compared to 1.6 million in 2021.
The passenger occupancy rate increased to 77 percent last year from 68 percent in 2021, according to the company’s preliminary financial data for 2022, indicating an improvement in its operational performance indicators.
The number of flight hours and takeoffs increased by 60 percent, according to the data which also showed that the number of stations increased from 32 in 2021 to 48 in 2022 as a result of the reopening of stations that had been shut down during the Coronavirus pandemic and the addition of new stations.
According to the company, its net loss in 2022 was JD79.1 million, up from a loss of JD74.3 million in 2021. This was due, in large part, to a 69 percent increase in fuel prices in 2022, which resulted in an oil bill increase of JD97.8 million. In 2022, fuel costs made up 50 percent of variable operating costs, up from 37 percent in 2021.
Vice Chairman and CEO of the company Samer Majali expressed confidence that Royal Jordanian would continue to attract more customers and increase its market share as a result of the airline’s recent service upgrades, network adaptability, new station openings, and increased flight frequency to a variety of destinations.
Majali said the company is moving forward with its plans to upgrade its fleet for short, medium, and long-haul routes and that new aircraft will be introduced by the end of the year.
Source: Jordan News Agency