Royal Jordanian targets 12% increase in revenue in 2010 and 10% increase in pax

Royal Jordanian (RJ) Board of Directors Engineer Nasser Lozi announced (20-Feb-2010) his satisfaction with the results achieved by RJ in 2009, with the airline registering a net profit of over JOD28 million (USD40 million) and revenues exceeding JOD570 million (USD805 million). [more]

Highlights of his speech at RJ's annual conference on 20-Feb-2010 include:

• Outlook: 2010 will be "challenging", despite initial signs of improvement. Increasing revenues, controlling costs and carefully matching capacity to demand are the keys to survival. The carrier is targeting a 12% year-on-year increase in revenue in 2010 and a 10% year-on-year increase in passenger numbers (Gulf Times, 21-Feb-2010). It is also targeting a 17% year-on-year increase in cargo volume in 2010. The carrier transported 44,000 tons of cargo in 2009 (Dow Jones, 21-Feb-2010);
• oneworld: oneworld's growth in airline numbers and passenger volume, and stated membership "has started to pay off on many fronts", as passengers around the world are now more aware of RJ, cooperation with the other members has opened up new avenues to increase revenues and reduce costs of joint services. Lozi stated RJ will continue to seek new ways to work more closely with the other members;
• Business model: For RJ to remain profitable, the airline must "constantly adapt and evolve our approach, systems and processes";
• Routes: New services to Madinah Munawwarah (Saudi Arabia) and Kuala Lumpur via Bangkok.
• Fleet: In 2010, RJ will receive two A330s and one Embraer E175. RJ's A340 fleet has been refitted with new seats and in-seat in-flight entertainment. RJ will replace four Airbus A320s and two A321s with new aircraft between 2011 and 2012, and will prepare to receive B787s from 2013.