Airlines & Airports
|February 24, 2015|
Fiji Airways Announces Highest-Ever Operating Profits of $60.8m
|Fiji Airways Group reported record-breaking revenue and passenger numbers for the fiscal year, announcing an increase in operating profits from 2013. |
The Group recorded an operating profit of $60.8m from January 1st - December 31st 2014. These results are more than two times better than the best operating profit achieved in the history of APL back in 2005. Fiji Airways Group earned $770m revenue and grew passenger numbers by 4.5%, flying 1,244,596 passengers in 2014.
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."
Fiji Airways Performance for 2014
Increase in RASK (Unit Revenue): 6.9%
Increase in CASK (Unit Cost): (2.0%) -- in line with productivity growth
Increase in passengers flown: 4.5%
Increase in load factor: 8.2%
Increase in trips: 5.3%
New routes launched: Suva-Sydney, Suva-Apia
Increased frequencies: Australia, New Zealand, Hong Kong, Tuvalu, Samoa