AMMAN — The government recently provided Royal
Jordanian (RJ) some JD70 million in support, out of the JD200 million the
company had requested, to shore up its finances following losses reported
during the COVID-19 pandemic, Al-Mamlaka TV quoted RJ CEO Samer Al-Majali as
saying.
اضافة اعلان
Majali said the
company had asked for government support to raise its capital and thus be able
to match the size of its business.
He pointed out
that the company’s revenues had risen, but were affected by the rise in global
fuel prices, and that RJ is trying to increase its revenues by adding new
destinations and hiking ticket prices.
According to
Majali, the company’s fuel cost increased from 25 percent to more than 40
percent, making it a major expense for the firm.
He said that RJ
and the Jordan Tourism Board are jointly marketing Jordan abroad, primarily in
Europe.
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