EMPLOYEES of Air Pacific are expected to receive their first ever quarterly bonus payment from next month.
This was confirmed by Air Pacific managing director and chief executive Dave Pflieger yesterday.
The company yesterday announced its profit of $10.7 million for the 2011/2012 financial year.
"Our improved financial performance is solid proof of the significant progress we've made as a team over the past two years," Mr Pflieger said.
"Our turnaround plan, which involves changing virtually every aspect of our company, is clearly working and today's results are a reflection of the incredible efforts of the men and women who proudly represent Fiji's national airline.
"The fact that we achieved these results despite a number of significant challenges is even more remarkable.
"Air Pacific's restructuring is not yet complete but I am very proud of these results as they prove the capability of the entire Air Pacific team.
"To be clear, we are not out of the woods yet, and we remain ever mindful of the possible challenges posed by market uncertainty, a slowdown of major world economies, and the ever-present threat of further volatility in oil prices.
"At the same time, we are clearly making great progress towards our future success and sustainable profitability," he said.
With new airplanes and a complete rebranding ahead of the company, Mr Pflieger said they remained confident and excited about the future of the airline and "the many great things we have planned for our customers".
"As announced last month, Air Pacific plans to revert to its former 1951 name – Fiji Airways – and rebrand the airline to coincide with the delivery of brand-new A330-200 aircraft that start arriving in March, 2013," he said.