Latest news with #RoyalJordanianAirline
Zawya
28-04-2025
- Business
- Zawya
Royal Jordanian Airline holds annual general meeting, issues 2024 financial results
AMMAN — Royal Jordanian Airline (RJ) on Sunday held its ordinary and extraordinary annual general meeting virtually. The meeting chaired by RJ's Board of Directors Chairman Said Darwazeh; was attended by Vice Chairman/CEO (Designated) Samer Majali, RJ board members, Companies' General Controller Deputy, representatives of the Government Investments Management Company, RJ accounts auditor Ernst and Young and some shareholders and RJ employees. The AGM discussed the board's report on the financial results of 2024 and the business plan for 2025, as well as the auditors' report, budget, and profits and losses. The General Assembly members approved all the discussed articles, according to a statement for The Jordan Times. Addressing the shareholders, Darwazeh highlighted RJ's steady progress throughout 2024 toward achieving its strategic goals, despite the significant challenges posed by regional and international conditions, most notably the repercussions of the war on Gaza and Lebanon, as well as the political and economic fluctuations that have directly impacted the air transport sector and travel to and from Jordan. He also pointed out the 'pivotal' role to connect Jordan with the world, serving as a stable and reliable bridge amid instability, particularly in light of the war on Gaza and its extension into Lebanon. Its continued operations during such turbulent times echo the airline's resilience during past crises, including the air blockade on Iraq and the COVID-19 pandemic, when many international carriers suspended their operations, whereas Royal Jordanian continued to fulfil its national duty—maintaining connectivity and serving passengers through the most challenging circumstances. CEO Samer Majali said that the company attained operational and financial growth in 2024, along with improved performance indicators. The airline registered a growth in revenues and operating profit, whilst it reduces losses. The company's revenues in 2024 went up to JD745.6 million, compared to the revenues of 2023, which amounted to JD733.2 million, the said. The company recorded an operating profit of JD11.8 million in 2024, against JD3.2 million in 2023 – an increase of over 260 per cent. Royal Jordanian also reduced its post-tax losses to JD3.5 million in 2024, down from JD8.7 million the previous year, reflecting a 59 per cent decline in losses, he added. These positive indicators reflect the results of sustained efforts to control costs, enhance performance efficiency, and strengthen operational flexibility amid highly complex regional conditions. Majali added that Royal Jordanian has enhanced operational performance and achieved further growth and excellence; 2024 witnessed many positive indicators mirroring its continued progress. 'Royal Jordanian successfully transported 3.7 million passengers in 2024, recording a 4 per cent increase over 2023,' the CEO said. He added that the company has maintained an excellent level of on-time performance, with high commitment and adherence to the scheduled departures within 15 minutes, reaching 88 per cent since the beginning of the year. On the network level, RJ introduced direct flights to significant destinations, including London Stansted, Manchester, Moscow, Berlin and Tripoli. The route network expansion coincides with the company's fleet modernization project. He stated that the financial results achieved this year reaffirm the soundness of the company's approach in addressing challenges and restoring financial stability. He stressed the company's commitment to continuing the implementation of integrated reform plans, which include cost restructuring, revenue diversification, network expansion, the development of air cargo operations, and investment in support units. A particular focus is also placed on the human element, by qualifying national talent through comprehensive training and institutional programmes. The fleet growth plan of 41 aircraft by 2028 is supported by a clear strategy to ensure the readiness of qualified human resources, aligned with the requirements of the Civil Aviation Regulatory Commission, the statement said. This strategy strengthens the company's ability to meet expansion needs efficiently and competently, while reaffirming its commitment to social responsibility and sustainability within the aviation sector, Majali noted. He stressed that these efforts — driven by commitment, discipline, and a clear vision —lead the company to achieve its strategic objectives, reinforce shareholder confidence, and solidify the carrier's position as a leading national carrier in the regional air transport sector.
Jordan Times
27-04-2025
- Business
- Jordan Times
RJ holds virtual ordinary, extraordinary annual general meeting, issues 2024 financial results
AMMAN — Royal Jordanian Airline (RJ) on Sunday held its ordinary and extraordinary annual general meeting virtually. The meeting chaired by RJ's Board of Directors Chairman Said Darwazeh; was attended by Vice Chairman/CEO (Designated) Samer Majali, RJ board members, Companies' General Controller Deputy, representatives of the Government Investments Management Company, RJ accounts auditor Ernst and Young and some shareholders and RJ employees. The AGM discussed the board's report on the financial results of 2024 and the business plan for 2025, as well as the auditors' report, budget, and profits and losses. The General Assembly members approved all the discussed articles, according to a statement for The Jordan Times. Addressing the shareholders, Darwazeh highlighted RJ's steady progress throughout 2024 toward achieving its strategic goals, despite the significant challenges posed by regional and international conditions, most notably the repercussions of the war on Gaza and Lebanon, as well as the political and economic fluctuations that have directly impacted the air transport sector and travel to and from Jordan. He also pointed out the 'pivotal' role to connect Jordan with the world, serving as a stable and reliable bridge amid instability, particularly in light of the war on Gaza and its extension into Lebanon. Its continued operations during such turbulent times echo the airline's resilience during past crises, including the air blockade on Iraq and the COVID-19 pandemic, when many international carriers suspended their operations, whereas Royal Jordanian continued to fulfil its national duty—maintaining connectivity and serving passengers through the most challenging circumstances. CEO Samer Majali said that the company attained operational and financial growth in 2024, along with improved performance indicators. The airline registered a growth in revenues and operating profit, whilst it reduces losses. The company's revenues in 2024 went up to JD745.6 million, compared to the revenues of 2023, which amounted to JD733.2 million, the said. The company recorded an operating profit of JD11.8 million in 2024, against JD3.2 million in 2023 – an increase of over 260 per cent. Royal Jordanian also reduced its post-tax losses to JD3.5 million in 2024, down from JD8.7 million the previous year, reflecting a 59 per cent decline in losses, he added. These positive indicators reflect the results of sustained efforts to control costs, enhance performance efficiency, and strengthen operational flexibility amid highly complex regional conditions. Majali added that Royal Jordanian has enhanced operational performance and achieved further growth and excellence; 2024 witnessed many positive indicators mirroring its continued progress. 'Royal Jordanian successfully transported 3.7 million passengers in 2024, recording a 4 per cent increase over 2023,' the CEO said. He added that the company has maintained an excellent level of on-time performance, with high commitment and adherence to the scheduled departures within 15 minutes, reaching 88 per cent since the beginning of the year. On the network level, RJ introduced direct flights to significant destinations, including London Stansted, Manchester, Moscow, Berlin and Tripoli. The route network expansion coincides with the company's fleet modernization project. He stated that the financial results achieved this year reaffirm the soundness of the company's approach in addressing challenges and restoring financial stability. He stressed the company's commitment to continuing the implementation of integrated reform plans, which include cost restructuring, revenue diversification, network expansion, the development of air cargo operations, and investment in support units. A particular focus is also placed on the human element, by qualifying national talent through comprehensive training and institutional programmes. The fleet growth plan of 41 aircraft by 2028 is supported by a clear strategy to ensure the readiness of qualified human resources, aligned with the requirements of the Civil Aviation Regulatory Commission, the statement said. This strategy strengthens the company's ability to meet expansion needs efficiently and competently, while reaffirming its commitment to social responsibility and sustainability within the aviation sector, Majali noted. He stressed that these efforts — driven by commitment, discipline, and a clear vision —lead the company to achieve its strategic objectives, reinforce shareholder confidence, and solidify the carrier's position as a leading national carrier in the regional air transport sector. Page 2
Jordan Times
20-04-2025
- Business
- Jordan Times
JTB, Saudi delegation talk tourism cooperation
The Jordan Tourism Board (JTB) on Sunday receives a delegation of representatives from Saudi travel agencies, as part of an exploratory tour organised in cooperation with the Royal Jordanian Airline (Petra photo) AMMAN — The Jordan Tourism Board (JTB) on Sunday received a delegation of representatives from Saudi travel agencies, as part of an exploratory tour organised in cooperation with the Royal Jordanian Airline (RJ). The tour is part of the JTB's ongoing efforts to enhance tourism cooperation with Gulf markets, which featured field visits to a number of tourist destinations across the Kingdom, the Jordan News Agency, Petra, reported. JTB Director General Abdul Razzaq Arabiyat said that the JTB views the Saudi market as a 'strategic and crucial' partner for the Jordanian tourism sector. Through these introductory visits, he noted that the board seeks to enhance relations with partners in Saudi Arabia and highlight Jordan's "unique" tourist experiences. Arabiyat added: "Such tours, organised in cooperation with RJ, contributes to boosting the two countries' tourist ties and open the way for customised travel programmes that align with aspirations of Gulf tourists, which enhances chances of attracting more visitors in the coming seasons." The tour aimed to introduce the Saudi delegation to Jordan's diverse tourist assets, mainly its "unique" archaeological sites and natural landscapes, as well as "picturesque and authentic" hospitality experiences, Petra added. On the sidelines of the visit, the board held a workshop for representatives of Saudi travel offices and their Jordanian tourism sector counterparts to discuss opportunities for direct cooperation and open up "strategic" partnerships that serve aspirations of the Gulf tourism market. This initiative comes within the framework of JTB strategy to enhance Jordan's presence in the Gulf market, especially in Saudi Arabia, which is "one of the key target" destinations, given its size and "positive" impact on the national tourism sector, the board pointed out.
Zawya
24-03-2025
- Business
- Zawya
Royal Jordanian launches new direct flight route to Washington, D.C.
AMMAN: Royal Jordanian Airline (RJ) has introduced a new direct flight service between Amman and Washington, D.C., offering two weekly flights, further solidifying its role as a prominent airline bridging the Middle East and North America. The new route, which will operate on Tuesdays and Sundays, will utilise Boeing 787 Dreamliner aircraft. The expansion is designed to improve connectivity between the two capitals, catering to government, business, and tourism passengers, as well as expatriates, the Jordan News Agency, Petra, reported. The inauguration event was attended by key figures, including Minister of Transport Wissam Tahtamouni, CEO of Airport International Group Nicolas Devillier, US embassy's Chargé d'Affaires Rohit Nepal, and Chairman of the Jordan Tourism Board Abdul Razzaq Arabiyat. Tahtamouni emphasised the importance of the new route in boosting Jordan's status as a regional aviation hub, facilitating passenger travel between Washington and Amman, while also promoting tourism in the Kingdom. RJ CEO Samer Majali described the route as a strategic expansion, complementing the airline's existing direct services to Chicago, New York, and Detroit, highlighting RJ's dedication to boosting Jordan-US relations and providing an "outstanding" travel experience. This move is part of RJ's broader strategy to expand its network to 60 destinations and grow its fleet to 42 aircraft in the coming years. RJ has recently added five modern Embraer aircraft to its fleet, with plans to introduce three more, as well as new A320neo aircraft for medium-haul routes and Boeing 787-9 aircraft for long-haul flights. These aircraft will feature enhanced cabins, advanced entertainment systems, and Wi-Fi connectivity. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
