Skinning Domestic Travelers For A Profit
Air Seychelles’ net profit in 2013 stood at USD three million, exceeding that of the previous year by 171 per cent. Revenue increased on year by 107 per cent to USD 88.7 million. The airline’s passenger numbers on its international network increased 100 per cent to 195,857 in 2013, while traffic on domestic services increased nine per cent to 156,617 passengers last year, as per a release.
Joël Morgan, Minister for Home Affairs and Transport, Seychelles and Board Chairman, Air Seychelles, said the 2013 results were a testament to the ongoing success of the airline’s turnaround strategy and business plan.
“To record a second successive year of profitability after the immense challenges of the past is an achievement of which we are all very proud. Our 2013 figures are a clear indication that we now have the right business model,” Morgan said.
Manoj Papa, CEO, Air Seychelles, said, “These results are another step forward in our journey as a commercially successful business and come against a backdrop of impressive development in both our domestic and international operations. We have established a solid basis for continued growth which reinforces the future of Air Seychelles and its vital contribution to the Seychelles economy.”