Two years of profits for Air Seychelles
Air Seychelles has reported its third consecutive year of net profit totaling US$3.2 million in 2014 slightly exceeding the $3 million profit reported in 2013.
April 1, 2015
Air Seychelles has reported its third consecutive year of net profit totaling US$3.2 million in 2014 slightly exceeding the $3 million profit reported in 2013. Cargo tonnage also rose to 7,311 tonnes last year from 5,441 tonnes in 2013.
Announcing the financial results Air Seychelles highlighted an increase in its total revenue as a result of this “significant network growth” in 2014. From $88.7 million in 2013 total revenue increase by 20 per cent to $106.9 million while passenger revenue amounted to $81 million last year up from $66 million in 2013. Etihad Airways’ acquisition of a 40 per cent share in 2012 and the implementation of a turnaround plan to create a sustainable business were cited as a key factor in the carrier’s back-toback profits.
In July 2014, Air Seychelles relaunched flights to Paris after a two and a half year break and in December saw the airline’s simultaneous launching of flights to three regional destinations – Dar es Salaam, Antananarivo and Mumbai. Aside of Paris and the three regional routes of Dar es Salaam, Antananarivo and Mumbai, with a fleet of two Airbus A330-200 and an A320 only acquired in November last year, Air Seychelles also flies to Abu Dhabi, Hong Kong, Johannesburg and Mauritius.