Profits soar at Fiji Airways
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Fiji Airways Group has reported a surge in profits through the first half of the year.
The Group recorded an underlying operating profit of FJ$17.2 million (US$9.3mn) from 1 January to 30 June 2014.
Stefan Pichler, Managing Director and CEO attributed the strong performance to higher load factors, more efficient cost management, streamlined management structures and a highly motivated staff.
“It has been an excellent start into 2014 and now we have to keep the pace as we want to pay a profit share to our staff for 2014 as well as a dividend to our shareholders,” Mr. Pichler stated.
“We have now gained momentum and the focus is to work hard to keep the ball rolling.”
The Group, legally known as Air Pacific Limited, comprises of national carrier Fiji Airways, its subsidiary Fiji Link, and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island.
Fiji Airways recorded a 4% increase in passenger traffic and a 10% rise in Load factors. This was helped by new route launches from Suva to Sydney and Apia, and increased frequencies to destinations in Australia, New Zealand, Hong Kong, Tuvalu, and Samoa.
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