Fiji Airways Group announces record profit for 2017



The Fiji Airways Group has announced its highest ever profit before tax of FJD 95.8 million for the fiscal year that ended December 31, 2017, a 13.4% increase over the previous financial year, the company said.

The Group (legally known as Air Pacific Limited) comprises of Fiji Airways, Fiji´s National Airline; its subsidiaries Fiji Link & Pacific Call Comm. Ltd; plus a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island.

Group revenue was FJD 929 million compared to FJD 825.3 million for the previous year ended 31st December 2016 (up by 12.5%). Group profit before tax was FJD 95.8 million compared to FJD 84.5 million for the previous year ended 31st December 2016.

The Group carried 1.6 million passengers compared to 1.4 million for the previous year ended 31st December 2016 (up by 14.3%). Profit-share for non-management staff and minimum bonus for management increased by 10% compared to the previous year.

Founded in 1951, Fiji Airways Group comprises of Fiji Airways, Fiji´s National Airline and its subsidiaries: Fiji Link, its domestic and regional carrier, Pacific Call Comm Ltd, and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island, Nadi. Fiji Airways has a fleet of brand new wide body A330s and refreshed B737 aircrafts.