Royal Jordanian reports US$37m 1H 2017 net loss
Royal Jordanian incurred a net loss of JD26.3m (US$37.1m) in the 2017 first half, a figure the airline said was driven by seasonality and a decline in average fares because of over-capacity in the industry. The carrier did not provide comparative figures for the year-ago period, or issue details of its revenue performance. The airline pointed to a net profit of JD1.5m in June, the last month of its half-year period, as a sign that the airline’s turnaround program was starting to take effect. In the same month in 2016, it incurred net loss of JD2.1m. In support of the notion that its performance is turning around, RJ noted that it carried 253,000 passengers in June, a 13% year-over-year increase. Load factor increased 3.9 percentage points YOY to 64.1% in June 2017. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-01/oneworld/royal-jordanian-reports-us-37m-1h-2017-net-loss
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Royal Jordanian reports US$37m 1H 2017 net loss
Royal Jordanian incurred a net loss of JD26.3m (US$37.1m) in the 2017 first half, a figure the airline said was driven by seasonality and a decline in average fares because of over-capacity in the industry. The carrier did not provide comparative figures for the year-ago period, or issue details of its revenue performance. The airline pointed to a net profit of JD1.5m in June, the last month of its half-year period, as a sign that the airline’s turnaround program was starting to take effect. In the same month in 2016, it incurred net loss of JD2.1m. In support of the notion that its performance is turning around, RJ noted that it carried 253,000 passengers in June, a 13% year-over-year increase. Load factor increased 3.9 percentage points YOY to 64.1% in June 2017. <br/>
