Air Seychelles Posts Third Consecutive Year of Net Profitability
Air Seychelles, the national carrier of the Republic of Seychelles, recently announced a third consecutive year of profitability after recording a net profit of US$3.2m for 2014.
The result exceeds last year’s profit of US$3 million and reflects continued improvement in the airline’s key performance indicators, following Etihad Airways’ acquisition of a 40 per cent share in 2012 and the implementation of a turnaround plan to create a sustainable business.
Key results for 2014
• Third year of net profit, US$3.2 million
• Total revenue up 20 per cent to US$106.9 million
• Passenger numbers total 412,088, an increase of 20 per cent
• Cargo tonnage up by 34 per cent to 7,311 tonnes
• Delivery of two DHC-6 Twin Otters, brought forward from 2015, and one Airbus A320
• Awarded Indian Ocean’s Leading Airline – Business Class and Best Cabin Crew
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