Fiji Airways posts record profit
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Fiji Airways posted a record profit for the first six months of 2015.
The airline’s operating profit reached FJ$17.5 million (US$8.2m) for the January-June 2015 period, up 13% year-on-year and the highest six-month result in the company’s history.
The airline said the growth was driven by a 6.7% increase in passenger traffic, which contributed to a 4.7% rise in revenues.
Fiji Airways’ chairman, Nalin Patel, called the result “another outstanding performance”, on the back of the record profit of FJ$60.8m achieved in the 2014 financial year.
“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,” said Patel. “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 airline added new routes to New Zealand and Tonga in the first half, and said that it would now aim to launch more routes in future.
“We are working hard to finalise a new long-haul route, continue our pilot localisation programme between Fiji Airways and Fiji Link and introduce a fourth brand new A330 in our fleet in December,” said Fiji Airways’ acting CEO, David Bowden.
“Foreign exchange consideration will continue to be a factor for us, as will the rising price of fuel. But we remain focused and dedicated to the strategies in place to address these challenges”, he added.
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