Air Seychelles (Mahe) has issued this first quarter financial statement. Previously the airline in April announced its second profitable year in a row. Etihad Airways (Abu Dhabi) controls 40 percent of its stock and has been very helpful in its turnaround. Its turnaround continues in the first quarter:
Air Seychelles, the national airline of the Republic of Seychelles, has recorded strong 2014 first quarter results with a 38.2 per cent increase in passenger numbers to 95,372, compared to the same period in 2013 (69,009 passengers).
Passenger numbers on Air Seychelles’ international network increased 77.3 per cent to 58,971, a result of more traffic between the Seychelles and Abu Dhabi, Mauritius, Johannesburg and Hong Kong.
A 66 per cent increase in revenue was attributable to improved connectivity with codeshare partner, Etihad Airways’ global network, and enhanced cargo services.
Cargo tonnage for the period rose 126.8 per cent to 1,602 tonnes, driven by strong demand from Paris, Hong Kong, and Johannesburg, enhancements to Air Seychelles’ on-ground cargo handling capability in Mahé, and the launch of Seychelles domestic cargo services.
Manoj Papa, Chief Executive Officer of Air Seychelles, said: “Our first quarter passenger and cargo performance indicates that we are delivering on our mandate to support the Seychelles economy both through tourism and trade.
“We remain committed to meeting these objectives in the months and years ahead, by building depth and scale into our network, organically and through partnerships, taking delivery of new aircraft, hiring more Seychellois, and bringing more guests and trade to the Seychelles.
“Air Seychelles will continue to focus on operational efficiencies, while maintaining a commitment to our guests to offer value, convenience and comfort, and being their airline of choice in the Indian Ocean region.”
At the end of the first quarter of 2014, Air Seychelles’ combined passenger and cargo network stood at five destinations in the Seychelles, Africa, Europe and Asia. The airline also has codeshare partnerships with Airberlin, Cathay Pacific Airways, Etihad Airways, and South African Airways, extending its network to 39 cities around the world.
Read the full report from the Seychelles News Agency: CLICK HERE
Copyright Photo: Rainer Bexten/AirlinersGallery.com. Airbus A330-243 A6-EYY (msn 751) on lease from Etihad Airways arrives in Johannesburg.