also grew by 39% YoY, recorded at RM687 mil for the Consolidated Group, driven by both traditional airline ancillary and non-airline ancillary streams.
In the coming months, JetBlue Travel Products plans to introduce new travel concepts to its portfolio that will accelerate ancillary revenue
growth for JetBlue.
Cole says the company can then sell the power to Nevada public utility company NV Energy, generating ancillary revenue
Airline boss Jozsef Varadi was pleased with the stats and said: "This performance was achieved in the face of higher fuel prices through our continued and rigorous cost manage-ment and strength in both Easter trading and ancillary revenue
Group revenue rose 6% to EUR7.56 billion from EUR7.15 billion, with an increase in both scheduled and ancillary revenue
. However, this was below both Liberum's revenue expectation of EUR7.59 billion and consensus of EUR7.69 billion.
similarly increased by 22.7 percent to P4.1 billion from P3.31 billion, attributable to the increase in average ancillary revenue
per passenger by 13.1 percent from pricing adjustments and increased volume of certain ancillary products and services.
In his speech, which was distributed to the shareholders, Darwazeh said that the audited financial results of 2018 showed a noticeable improvement in the operational and financial KPIs, including increased revenues, gross profit, operating profit, passenger numbers, load factor, uplifted cargo, ancillary revenue
RJ President/CEO Stefan Pichler said: "Despite the rising fuel costs, Royal Jordanian had an enhanced operating performance, registering a net operating profit of JD19 million, an increase of 47 percent over 2017, due to the JD47.5 million growth in revenues, a higher load factor and passenger numbers, cargo revenue, and ancillary revenue
." He said that cargo sales also improved significantly, adding that the company sold 55 percent of the capacity offered for cargo on passenger aircraft, which resulted in JD45.6 million cargo revenues.
Total ancillary revenue
growth: For the fourth quarter and full year 2018, total ancillary revenues
increased 42.4% and 26.0% year over year, respectively.
The airline said in a bourse filing it was working to mitigate the increase by boosting ancillary revenue
Instead they will undertake several measures to increase their ancillary revenue
, as per sources.
Ryanair saw this "ancillary revenue
" increase 2% to PS1.56billion last year - and it made up 27% of sales.