The net loss of Royal Jordanian went down by 64% in the first three months of this year, compared to the same period last year. The net loss of the first quarter of 2015 reached JD8.3 million, against JD23 million incurred by the company in the same months of 2014.
Chairman of the Board of Directors Suleiman Al Hafez said that the airlines’ financial results are seasonal in nature and they do not follow the same pattern throughout the year. He pointed out that air transport normally sees a remarkable decrease in the first and fourth quarter of the year, while it gets vibrant in the second quarter. The third quarter is usually and consistently peak time due to the holiday season which increases demand on international and regional tourism.
Hafez expressed the company’s satisfaction with the performance during this first quarter, which holds promise of positive results by the end of 2015. He attributed the drop in losses to lower oil prices and effective airline operations, due to a strategy that aims to increase revenues, cut costs wherever possible, without affecting the level of safety or the services offered passengers.
He also stressed the company’s determination to overcome challenges through implementing the strategic plan prepared by the board of directors for the period 2015-2019. The plan is bound to increase revenues to the maximum using the offered capacity, to boost non-operational revenues and work on the activities that yield the highest and fastest growing revenues.