9M Good performance on a turnaround plan
Royal Jordanian achieved a JOD31.8m net profit in the third quarter of 2017 against JOD12.9m attained in the same period of the previous year (+146%).The seat load factor went up from 73% in the third quarter of last year to 75% this year, i.e. a 3% increase. Q3 2017 revenues reached JOD202m, marking an 8% increase over the JOD187m made over the same period last year. The number of passengers the airline transported in the third quarter rose by 5% over last year, with RJ aircraft carrying 955,000 passengers this year while in the corresponding months of 2016 it carried 913,000 passengers.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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