Fiji Airways has announced record-breaking revenue and passenger numbers for 2014. The company reportedly made $60.8 million in profits for the fiscal year, with a passenger increase of 4.5 percent.
A breakdown of the company’s financial performance can be found below:
Fiji Airways Performance for 2014:
- Increase in RASK (Unit Revenue) 6.9%
- Increase in CASK (Unit Cost) (2.0%) - in line with productivity growth
- Increase in passengers flown: 4.5%
- Increase in load factor: 8.2%
- Increase in trips: 5.3%
- New routes launched: Suva-Sydney, Suva-Apia
Financial Results:
|
Group |
Company |
|||
|
Year Ended 31 December 2014 |
9 months Period ended 31 December 2013 |
Year ended 31 December 2014 |
9 months Period ended 31 December 2013 |
|
|
Revenue |
769,527 |
541,185 |
735,627 |
512,908 |
|
Profit before income tax |
60,778 |
14,166 |
65,229 |
8,250 |
|
Profit after income tax |
52,850 |
14,483 |
55,592 |
8,743 |
|
Basic Earnings Per Share |
$2.03 |
$0.56 |
$2.13 |
$0.34 |
Operating & load statistics:
|
|
FY14 |
FY13* |
YoY |
YoY % |
||
|
Passengers flown |
1,244,596 |
1,190,735 |
53,861 |
4.5% |
||
|
Load factor |
83% |
77% |
6.3pts |
8.2% |
||
|
Trips |
9,002 |
8,552 |
450 |
5.3% |
||
|
RASK (cents) |
14.84 |
13.89 |
0.96 |
6.9% |
||
|
CASK (cents) |
13.67 |
13.41 |
(0.26) |
(2.0%) |
|
*12 months period - January to December 2013 |
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