Air Pacific Ltd, trading as the Fiji Airways Group (Fiji Airways) (Nadi), has announced its financial results for the fiscal year ended December 31, 2014. Mr. Nalin Patel, Chairman of the Board of Directors of Air Pacifc Ltd., trading as Fiji Airways said the airline and its consolidated group (Fiji Airways Group) made record operating profits. The Group comprises of Fiji Airways, Fiji’s National Airline, its subsidiaries Fiji Link & Pacific Call Comm Ltd, and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island, Nadi. Fiji Airways reported another record breaking year in terms of revenue and passenger numbers.
Fiji Airways reported a profit before income tax of $65.2 million compared to a profit before income tax of $8.3 million for the nine-month period ended December 31, 2013.
Air Pacific Ltd (the Group) reported a profit before income tax of $60.8 million compared to a profit before income tax of $14.2 million for nine-month period ended December 31, 2013.
On a net basis, Fiji Airways reported an after tax profit of $55.6m and the Group reported an after tax profit of $52.9m (versus after tax profits of $8.7m and $14.5m respectively for the nine-month period ended 31st December 2013.
These results are more than two times better than the best operating profit achieved in the history of APL back in 2005.
“The airline is already prepared for a busy year ahead, with the addition of a Boeing 737-800 and a new Airbus A330-300 to its fleet, the launch of new routes (Nadi-Wellington) and increased frequencies to key destinations. It is also assessing a new long-haul route in Asia. Our guests can also look forward to further enhancements to our on-board offering, as well as further enhanced customer service at its airports and new Reservations Centre.”
In other news, Fiji Airways is planning to commence a new nonstop route linking Fiji with the Solomon Islands, with Saturday only Nadi – Honiara flights with Boeing 737-700 aircraft from April 4 per Airline Route. The airline currently operates once-a-week flight on the Nadi – Port Vila – Honiara route on Tuesdays.
Copyright Photo: Keith Burton/AirlinersGallery.com. Boeing 737-8X2 DQ-FJH (msn 29969) taxies at Sydney.
Fiji Airways aircraft slide show: