RJ halves pandemic-induced losses in 2021 — CEO

RJ halves pandemic-induced losses in 2021 — CEO

AMMAN — The Royal Jordanian (RJ) halved its losses in 2021 compared with the figures of 2020, where the national carrier is expected to reach a balance point in 2023 through implementing a pack of growth and expansion procedures, RJ President/CEO Samer Majali said on Saturday. In an interview with the Jordan News Agency, Petra, Majali noted that the RJ is "still waiting for government support to enable the airline to overcome losses due to the COVID-19 repercussions". Majali said that RJ will not have the capability to compete and grow in the future if the government, whose contribution in the company now stands at 85 per cent, does not support the airline. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; On the airline's current financial situation, he said that the pandemic-related repercussions cost RJ JD160 million in losses in 2020. Losses will soon affect the RJ's capital, which calls for "urgent" government intervention to save the airline that "suffered losses beyond its control" during the pandemic, Majali said. The CEO said that RJ requested government financial support worth JD200 million to increase its capital, stressing that the government has