Vila Times

Fiji Airways announced record $US46.6 mln profit in 2017

Fiji Airways announced record $US46.6 mln profit in 2017
Fiji Airways announced record $US46.6 mln profit in 2017
Vila Times’s Mobile Application

Fiji Airways Group has announced its highest ever profit before tax of $US46.6 million for the fiscal year that ended December 31, 2017, a 13.4% increase over the previous financial year.

The Group comprises of Fiji Airways, Fiji’s National Airline; its subsidiaries Fiji Link & Pacific Call Comm. Ltd; plus a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island.

Group revenue was US$455.4 million compared to US$404.6 million for the previous year ended 31st December 2016 (up by 12.5%).

The Group carried 1.6 million passengers compared to 1.4 million for the previous year ended 31st December 2016 (up by 14.3%).

Mr. Andre Viljoen, Fiji Airways Managing Director & CEO, said: ‘To achieve a fourth year of successive record profits is a massive achievement by the entire team of the Fiji Airways Group. I couldn’t be more proud of the way the team surpassed all key metrics for revenue, passenger and network growth, efficiently navigating through a challenging operating period in which cost control was crucial. 2017 saw the achievement of numerous milestones for the Group. The team increased the size of the fleet, launched a new route, increased frequencies on key long-haul routes and opened a world class lounge at our home airport – Nadi.”

“The result also wouldn’t have been possible without the support of our stakeholders. Chief among them are our customers – the Fijian people and Government. We are grateful In particular for the consistent support of our Prime Minister, the Honourable Voreqe Bainimarama, and our Line Minister, the Hon. Aiyaz Sayed-Khaiyum. We’re also very grateful for the guidance and support of our Chairman Mr. Rajesh Punja and our Board of Directors.”

2 comments