Royal Jordanian Airlines is concerned that regional conflict will continue to suppress tourism to its local area and negatively affect the carrier’s third-quarter and second-half figures.
It has turned in a first-half loss of JD27 million ($38 million), deeper than the JD17 million recorded at the same point last year.
Royal Jordanian says revenues for the first six months of 2024 fell by 3% to JD338 million.
Chief executive Samer Majali says the results, despite the difficult conditions, remain in line with budget estimates.
The Israel-Gaza conflict has negatively affected the carrier’s performance, with a near-8% fall in tourist numbers.
Majali says it has caused a significant loss of bookings and the carrier states that this potentially affects its third-quarter results and those for the second half.
The airline has strived to reduce costs and open new routes to compensate for traffic loss from its usual markets.
“Unfortunately the airline was unable to mitigate the losses, resulting in numbers that did not meet the desired outcome,” it states.
Royal Jordanian is progressing with its fleet modernisation, with a fifth Embraer E2 set to be introduced in August and three Airbus A320neos arriving by the end of this year – the carrier has also brought in an A321 freighter.
