RJ Aims for Growth, Expansion Amid Challenges

Royal Jordanian Airlines (RJ) held its Annual General Meeting virtually on April 29, 2024, discussing the past year’s financial outcomes and future business strategies. Chaired by RJ’s Board Chairman Said Darwazeh, the meeting was attended by key stakeholders including Vice Chairman/CEO Samer Majali, and representatives from government and corporate sectors.

Darwazeh highlighted RJ’s role as Jordan’s national carrier, emphasizing its commitment to the national economy and air transport sector despite past challenges like the COVID-19 pandemic, geopolitical tensions, and the recent war in Gaza. He proudly noted the airline’s progress over its 60-year history, including substantial investments to modernize and expand its fleet. By 2028, RJ plans to operate 41 advanced, fuel-efficient aircraft and expand its international destinations to 60.

Majali reported a significant operational growth in 2023, with a 20% increase in operating revenues and an 18% rise in passenger numbers, totaling 3.6 million. Despite facing a challenging fourth quarter due to decreased travel demand from the Gaza conflict, RJ still managed to reduce its annual net loss significantly compared to the previous year.

Further, Majali detailed RJ’s strategic acquisitions and partnerships, notably gaining full ownership of the Jordan Airline and Simulation Training (JATS) and 90% of the Jordan Airports Company. These moves are part of a broader strategy to reinforce Jordan as a logistical and tourism hub in the region.

Looking forward, RJ is focused on enhancing its cargo services and supporting Jordan’s Economic Modernization Vision, which aims to promote the nation as a key tourist destination. With these initiatives, RJ seeks to bolster its position as a regional leader in the aviation industry, contributing significantly to Jordan’s GDP and setting high standards in the global market.–RJ Media Cell