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Air Seychelles has reported its fourth year of profitability in a row, with net profits of $2.1 million in 2015, on revenues of $105.4 million.
Audited by KPMG, these financial statements also reflect growth in passenger traffic and strong cargo volumes. A total of 522,873 passengers travelled with the airline in 2015, 22% more than in 2014.
Air Seychelles passenger carrying capacity, measured in Available Seat Kilometres (ASKs), increased by seven percent to 1.7 billion by the end of 2015. Despite this increase the airline’s seat load factor rose by six percentage points from 60% in 2014 to 66% in 2015.
Cargo services continue to be a major area of growth for Air Seychelles, with the airline carrying 4,415 tonnes of freight, primarily driven by wide body operations on Johannesburg and Paris routes.
Roy Kinnear, Chief Executive Officer of Air Seychelles, said, “We are proud to have been able to deliver on our mandate, which was to achieve strong growth, to become the region’s leading carrier and, most importantly, to do so as a commercially viable and profitable enterprise, while remaining one of the key drivers of economic growth in Seychelles.”
Joël Morgan, Minister of Foreign Affairs and Transport and Chairman of Air Seychelles, said, “The profit is another wonderful result for our national airline and for the future of aviation in Seychelles and the Indian Ocean region. We will continue to consolidate Air Seychelles position by making investments that will allow the airline to continue on its current trajectory of further growth.”
Of the total passengers carried, 30% were contributed by partner airlines, generating 41% of Air Seychelles’ passenger revenue, demonstrating the importance of growth through partnerships.
Air Seychelles’ growth has created a significant number of new jobs for Seychellois nationals. During 2015, the airline increased its workforce by 128 new professionals. With the focus remaining on providing an excellent guest experience, the Ground Services department of Air Seychelles has employed 55 service professionals at Mahe International Airport.
Air Seychelles continued to place much emphasis on personal development and succession planning, investing significantly in the development of its workforce and introducing a range of training programmes for its employees.
Equally committed to its community, Air Seychelles was proud to make a significant contribution to Seychelles culture, health, children and other community programs, through more than 500 gifted tickets and free cargo transportation.
Source: travelnewsdigest.in
