F$95.8M profit for national carrier

Update: 6:29PM AIR Pacific Ltd, which owns the Fiji Airways Group, has recorded its highest ever before tax profit of F$95.8million for the year ended December 31, 2017.

The profit is a 13.4 per cent increase from the previous financial year, a statement from the national carrier said.

The company comprises Fiji Airways, its subsidiaries Fiji Link and Pacific Call Comm. Ltd, and includes a 38.75 per cent share of Sofitel Fiji Resort and Spa on Denarau Island. 

This was announced by the Attorney General and Minister responsible for Civil Aviation, Aiyaz Sayed-Khaiyum.

The Fiji Airways statement said the group earned F$929m, an increase of $103.7m from the year before and carried 1.6 million passengers compared to 1.4 million for 2016.

This means that profit-share for non-management staff and minimum bonus for management increased by 10 per cent from 2016.

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