Royal Jordanian posted a 2019 first-quarter net loss of JD5.2 million ($7.3 million), narrowed from a JD13.9 million net loss in the year-ago period.

The first quarter is traditionally a time when most airlines register seasonal losses because of lower demand.

The Amman-based oneworld alliance member said the financial results reflect increased revenues and reduced operating costs compared to the year-ago quarter.

Revenues grew 3% year-over-year (YOY) to JD145.5 million, while operating costs fell 6% to JD123.3 million. The Jordanian flag carrier’s fuel bill dropped by 5%; passenger numbers rose 2% YOY.

Royal Jordanian president & CEO Stefan Pichler said the company’s main objective is to maintain sustainable profitability. He said the carrier will continue to offer sales promotions throughout the year to encourage travel and attract more passengers.

In November 2017, the carrier instituted a five-year turnaround plan to improve the company’s financial position.

Kurt Hofmann, hofmann.aviation@netway.at