H1 profits up for Air Seychelles

Air Seychelles announces profits
Air Seychelles announces profits

The first half of 2014 worked out with double digit growth in revenue and passenger volumes for Air Seychelles. The airline posted total revenues of US$50 million (up from US$42 m in 2013), an increase of 20% for the first half of the year.

A total of 184,101 passengers flew with Air Seychelles in the first six months of 2014, an increase of nearly 25% compared to the same period in 2013 (146,980 passengers). Available Seat Kilometres (ASKs), reflecting network seat capacity, rose 46% to 727.4 m in H1 (496.7 m).

Praslin-Mahé was the airline’s busiest route, with 71,961 passengers flying to and from Seychelles. Abu Dhabi was the airline’s second busiest route with 49,934 passengers carried, a substantial year-on-year increase of 90%, followed by Hong Kong with 24,142 passengers (73%); Johannesburg 22,218 passengers (29%); and Mauritius 15,846 passengers (14.4%).

Manoj Papa, chief executive officer of Air Seychelles, said: “Overall it continues to be a tough operating environment for many airlines, but we are confident our strategy will continue to allow us to drive quality revenue, enhance the guest experience, while being a catalyst for boosting trade and tourism into Seychelles. In December, we will introduce non-stop flights to Mumbai, Dar es Salaam and Antananarivo, which along with Paris, will bring to four the number of routes coming online in 2014.”

The airline’s reported an average seat factor of nearly 60% across its network of five destinations in H1, up 8.5% on a year earlier with Q2 seat occupancy reaching 73%. In the first half of 2014, Air Seychelles expanded its codeshare agreement with strategic partner Etihad Airways, adding Amman, Dammam, Jeddah, Riyadh, Rome, Seoul and Zurich to its global partnership network.

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