Fiji Airways has announced its financial results which have crossed the F$1billion revenue mark for the first time in the airline’s 67-year history.
Group revenue increased by 10% to F$1.02 billion compared to F$929 million for the previous financial year.
Despite a record revenue result, overall, group profit before tax was near halved, down to F$55.3 million compared to F$95.8 million for the previous financial year.
Fiji Airways’ says higher fuel prices and currency movements and a “challenging” outlook for the current year were all reasons for the reduced margins.
Fiji Airways A350
The good news though for all Fiji Airways and Fiji Link staff is that the group has announced all eligible non-management staff of FJ and Fiji Link will each receive a profit-share payout of F$2,350 (AU$1560).
Another reason why Fijians are Bulanaires!
The group carried more than 1.7 million passengers compared to 1.6 million passengers during the previous financial year. According to the Department of Foreign Affairs, 340,000 Australians travel to Fiji every year.
As the Fijian national carrier for Australians to Fiji, the airline says they are set to keep soaring to new heights.
In addition to the financial results, the airline has also announced it is adding two new Airbus A350 XWB to its fleet, to better service the AU and USA markets.
Fiji Airways A350
While Fiji Airways is for the most part Fijian government-owned, Qantas still holds a 46 per cent in the carrier, with Air New Zealand holding two per cent.
Kiribati, Tonga, Samoa and Nauru also each hold a small stake in the airline formerly known as Air Pacific.
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