Fiji Airways Group reported record-breaking revenue and passenger numbers for the 2015 fiscal year, announcing an increase in operating profits from 2013.
The airline has seen a solid improvement on the national airline’s profit for the same period in 2014, and is the highest six-monthly result in the company’s history.
Nalin Patel, Chairman of Fiji Airways, praised the airline staff for what he described as “yet another outstanding performance” for the first half of 2015, on the back of a record profit of FJD$60.8m for the 2014 financial year. He also stated that no one at Fiji Airways could afford to be complacent if the airline was to continue improving, and he urged management and staff to remain focused.
“The key driver of our underlying profitability was a 6.7% increase in passenger numbers for the first six months of the year and a 4.7% increase in our overall revenue,” Mr Patel said.
“While there is no room for complacency, we are seeing some excellent results from the financial growth plan that Fiji Airways has had in place since last year, with its emphasis on strong fiscal discipline and continuously improving efficiencies.
“With strong support from our staff and shareholders, management has been able to make sound financial and commercial decisions that are benefitting our people, the tourism industry and the entire Fijian economy.”
The Fiji Airways Acting CEO, David Bowden, highlighted the strong overall performance of Fiji Airways Group’s international network.
“The growth of our Hong Kong service to China clearly shows the diversity and resilience within the Group to deliver strong results despite economic and market pressures within our core Australian market,” Bowden said.
“In addition, Fiji Link’s regional and domestic network contributed positively to the Group and performed in line with its 5-year plan growth phase now that the re-fleet and rebranding is in place. In particular, we have significantly increased our regional network footprint in terms of capacity offering and new codeshare partnerships with Air Vanuatu and Real Tonga.”
The announcement of the record result was described by the Attorney General, Aiyaz Sayed-Khaiyum, stating “The fact that even the lowest paid worker in Fiji Airways is to receive a bonus of $3000 is unparalleled in Fijian corporate history. It is a tremendous vindication of all the hard work that the staff and management have put in over the past few years to turn Fiji Airways around and secure its future.”