Royal Jordanian makes impressive turnaround from loss to profit in 2012
Skift Take
RJ’s success story of increased passenger traffic and decreased operation spend shows there’s still room for small players in a region populated with global dominators including Emirates and Qatar.
Royal Jordanian, which marks its 50th anniversary on December 15, 2013, witnessed an impressive turnaround last year, posting remarkable financial results.
"The good growth in earnings and the relative decline in costs enabled the company to reverse the JD57.9 million net loss in 2011 into a JD1.1 million net profit in 2012," RJ announced in its annual report to shareholders. RJ will be holding an ordinary general assembly meeting on March 28.
"Royal Jordanian is proud of the hard work, determination and loyalty of employees who were behind this major leap that was achieved in 2012 to surpass all the loss that was incurred in 2011 due to the regional events, high fuel prices an
