Royal Jordanian Plans Narrowbody Fleet Renewal, Focuses On Profitability Rather Than Growth
Royal Jordanian CEO Stefan Pichler discusses the airline’s growth plans, narrowbody fleet renewal project and outlook for 2019. Royal Jordanian is close to ordering 22 new generation narrowbody aircraft which will be delivered from 2020 to 2025 and replace its existing single aisle fleet. The new aircraft are mainly replacements as Royal Jordanian only plans to grow capacity by 18% over the next five years, or an average of less than 4% per annum. Mr Pichler says Royal Jordanian is focused on profitability rather than market share, which has been on the decline due to expansion from European LCCs and Gulf carriers. Royal Jordanian is increasing its focus on transit traffic as competition for local traffic in Jordan has intensified. It is particularly focused on connections to/from the Levant region, which is underserved but has been politically unstable in recent years.