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Pichler expressed optimism for 2018, saying that Q1 of this year has seen remarkable growth Pichler expressed optimism for 2018, saying that Q1 of this year has seen remarkable growth

Royal Jordanian’s CEO Revealed Revenue Results and Future Plans

Stefan Pichler, CEO, Royal Jordanian (RJ), convened a press conference on May 02 where he announced the financial and operational figures the company attained in 2017, and during Q1 of this year.

Significantly, Pichler highlighted that in H2 of 2017, the company's performance started to show remarkable progress after it took effective measures to increase bookings, launched a series of sales promotion campaigns to encourage customers to travel during the low seasons and started implementing the five-year turnaround plan.

In Q3 2017, the company witnessed great results and achieved a net profit of JD31.8 million (USD44.9 million), covering the losses of H1 and enabling the company to register a JD5.4 million (USD7.6million) net profit in the first nine months.

Pichler said that most airlines usually record seasonal losses during Q1, due to lower demand on travel and tourism, yet this year, RJ was able to cut those losses significantly due to a strong revenue performance.

Specifically, the five-year turnaround plan, which runs until 2022, encompasses major initiatives that are expected to enhance unit revenues by seven percent and lower unit costs by six percent, he said, adding that it focuses on RJ’s product, in addition to the innovative electronic travel services that will facilitate all travel procedures and enhance revenues.