Rough Riding Domestic Travelers For a Fat Profit

Air Seychelles has registered a net profit of US$3 million for 2013, exceeding by 171per cent its profit of US$1.1 million reported in 2012.Revenue increased by 107 per cent to US$88.7 million (2012: US$42.8 million).
The airline’s passenger numbers on its international network increased 100per cent to 195,857 (2012:97,576), while traffic on domestic services in 2013 increased nine per cent to 156,617 passengers.
Joël Morgan, Seychelles Minister for Home Affairs and Transport and Air Seychelles Board Chairman, said the 2013 results were a testament to the on-going 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.
“In just two years, we have rebuilt our national carrier, strengthened our partnership with Etihad Airways, and beyond delivering good results for the airline, we have helped grow Seychelles tourism in the process – one of our core objectives.Today Air Seychelles is a great symbol of our nation wherever our brightly-coloured aircraft are flown.”
Chief Executive Officer of Air Seychelles, Manoj Papa, 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.
“Our business is now in good shape for the future, which includes growing our operations, launching new routes, taking delivery of new aircraft, expanding airline partnerships, hiring more Seychellois, and bringing more travellers to the Seychelles.
“We have established a solid basis for continued growth which reinforces the future of Air Seychelles and its vital contribution to the Seychelles economy.”
The impressive 2013 passenger traffic growth was aided by Air Seychelles’ acquisition of a second Airbus A330-200 aircraft in March.  The same month the island carrier launched three weekly flights to Hong Kong, and increased frequencies to Abu Dhabi, Johannesburg and Mauritius, bringing its total international weekly services to 16, up 100 per cent.
Johannesburg and Mauritius enjoyed an additional return service per week, connecting each destination three times a week respectively with the Seychelles.  The airline’s Abu Dhabi services also increased from four to seven return flights per week.
Abu Dhabi was Air Seychelles’ busiest international route, with a total of 90,746 passengers carried between the archipelago and capital of the United Arab Emirates, a year-on-year increase of 178 per cent.
Elsewhere, Air Seychelles saw record cargo volumes in 2013 thanks strong demand to and from France, Italy, Hong Kong and South Africa.
Air Seychelles signed four new codeshare partnerships in 2013, entering agreements with air berlin, Czech Airlines, South African Airways, and Cathay Pacific Airways.  These codeshare agreements increased Air Seychelles’ virtual network from 19 to 34 destinations.
In October, Air Seychelles announced a multi-million dollar agreement for the purchase of three new Viking Air DHC6Twin Otter Series 400 aircraft, its largest ever domestic fleet order signalling the carrier’s long-term commitment to its domestic operations.  Two of these aircraft are due to arrive in mid-2014, one year ahead of schedule.
Also in October, and coinciding with its 35th anniversary, the airline launched Air Seychelles VIP, a dedicated ground handling service and luxurious airport facility targeted at premium guests and the private air charter market.  The operation was co-established with Royal Jet.
Air Seychelles capped a remarkable year of achievements by being awarded a four-star rating by Skytrax, one of 35 global carriers to hold this accolade.
Morgan said:  “We have come a long way in two years and 2013 has been exceptional.  To achieve a second year of profitability and simultaneously be ranked among the very best airlines in the world is an amazing achievement of which the company and its staff should be very proud.”
 http://traveltrendstoday.in/news/2014/04/14/air-seychelles-registers-net-profit