Air Seychelles announces net-profit as Abu Dhabi is its busiest route

Air Seychelles has announced a net profit of US$3 million for 2013, exceeding by 171 per cent its profit of US$1.1 million reported in 2012.
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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. 

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 100 per cent to 195,857 (2012: 97,576), while traffic on domestic services in 2013 increased nine per cent to 156,617 passengers. 

Cargo volumes flown in 2013 rose by 159 per cent to 5,529 tonnes (2012: 2,128 tonnes). 

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.”