10 Apr 2014 12:00
Air Seychelles, the national carrier of the Republic of Seychelles, today 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.
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).
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
“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.”
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
“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.
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.
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 airberlin, 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 DHC6 Twin 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.
Mr 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.
“People are the most
valuable asset in any organisation. This
is true for Air Seychelles as well, and reflected in our commitment to developing
a highly-skilled national workforce and a long-term succession plan.
“In particular I am pleased
at the significant progress made with our people development program, where the
first group of Air Seychelles Graduate Development Management trainees are scheduled
to return to Seychelles later this year after 18 months abroad receiving
At the close of 2013, Air
Seychelles employed 629 staff, an increase of 17 per cent over the 536 staff
the airline employed in 2012. Of this
number, the airline employs 622 Seychellois nationals, 98.8 per cent of the
total. The airline recruited 57 cabin
crew in 2013, promoted eight domestic pilots to Airbus A330 operations and two
domestic pilots were promoted to Captain.
* Air Seychelles
Annual Financial Statements are audited by KPMG