Welcome to Fiji Airways


Fiji Airways will set cookies to operate and improve your use of our website, to offer you goods and services, to confirm your identity and to improve our products and services. By clicking " Accept and Continue" or by continuing to use the Fiji Airways website, you agree to cookies being set on your device. If you do not want cookies to be stored, then you may change your settings to turn them off by visiting 
www.allaboutcookies.org. For further information about cookies and how we use them, please see our Privacy Policy.

Accept and Continue

 

Skip to main content
Join Tabua Club |

Fiji Airways Reports Record $17.2m Operating Profit for First Half- Year

Best Half Year Operating Result in National Carrier’s History

Thursday, 17 July 2014: Fiji Airways Group today reported its unaudited interim results for the first half of 2014, announcing a massive increase in operating profits to the corresponding period last year. The Group, legally known as Air Pacific Limited, comprises of Fiji Airways (Fiji’s National Airline), its subsidiary Fiji Link and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island. The Group recorded an underlying operating profit of $17.2m from January 1st to June 30th 2014.

The amount is the total adjusted operating profit excluding release of aged management accruals and one-off items like the introduction cost of the first A330 in 2013 and the hard landing cost in 2014. In the corresponding period of 2013, the Group’s underlying operating profit was $0.5m.

Stefan Pichler, Managing Director and CEO attributed the strong performance to higher load factors, more efficient cost management, streamlined management structures and a highly motivated staff.
“It has been an excellent start into 2014 and now we have to keep the pace as we want to pay a profit share to our staff for 2014 as well as a dividend to our shareholders,” he stated. “The key driver of this underlying profitability was the 10% higher load factor across the whole network. We flew 4% more passengers and produced 5% more sectors, but in a much more efficient way. Our company was not in a good shape back in 2013, with a lack of leadership and strategy and a rather dysfunctional management structure. We put in place corrective measures and laid the challenge to our entire team. I’m delighted with the spirit of a winning team we have created. We have now gained momentum and the focus is to work hard to keep the ball rolling.”

The New Zealand, United States and South Pacific markets performed strongly in this period. Australia and Hong Kong performed weaker than expected due to a weaker exchange rate for the Australian dollar and lower than budgeted load factors for Hong Kong. The domestic network reported a small loss. This is the first time the Airline Group has released interim results for half its financial year, the best ever in the airline’s history.

“We believe that reporting provisional results for the first half of the financial year is an important step for Fiji Airways. We are committed to improving transparency and credibility, not only at home in Fiji but also for our international financial partners. We will continue our strategy of increasing revenues while controlling costs. Our pricing remains competitive in the market and we will continue to make investments in our customer experience across all touch points. This includes the on-board and on-ground experience, our customer service and the training for our team.”

“Today we are sailing in nice weather, but we also have to be ever-ready for difficult times as the airline industry is highly volatile. Although the outlook for the remaining Fiscal Year remains positive, there is no leaning back. This is like a rugby game, we have to pick and drive continuously.”

The Attorney General and Minister for Civil Aviation, Aiyaz Sayed-Khaiyum, hailed the result as a "great achievement" for Fiji Airways and the nation as a whole and congratulated the airline and its staff.
"From being on the verge of bankruptcy four years ago, we have achieved a remarkable turnaround in the fortunes of our national airline. This has been the direct result of the Bainimarama Government's reforms, its insistence on financial discipline and the introduction of a new culture of management and staff working together with clear objectives and their eyes set firmly on the future.”

“Our decision to invest in new fuel-efficient aircraft is paying dividends and we have established a firm foundation for Fiji Airways to expand to more destinations and fulfil its vision to become the world's best boutique airline. I especially want to thank the staff of Fiji Airways for their dedication and commitment to securing the airline's future. Every single worker now has a personal stake in the airline through our profit sharing scheme and an incentive to help us take the airline to even greater heights.”

“This is also good news for every Fijian, whose fortunes are tied to the airline because of its critical role in supporting our biggest export revenue earner, tourism. This result also demonstrates beyond doubt that the debt facility provided to Fiji Airways to buy new aircraft by the FNPF - our national superannuation scheme - has been a wise investment in our collective future", the Minister said.

Highlights for Fiji Airways Performance for First Half of 2014

  • Underlying Operating Profit:        $17.2m
  • Increase in load factor:              10%
  • Increase in passengers flown:     4%
  • Increase in flying sectors:           5%
  • New routes launched:                 Suva-Sydney, Suva-Apia,
  • Increased frequencies:               Australia, New Zealand, Hong Kong, Tuvalu, Samoa

Summary of Results:

Air Pacific Ltd. -- profit & loss statement H1'14 H1'13 H1 H1 YoY %
Reported Operating Profit 15.4 6.6 8.8 134%
Accrual releases & adjustments (8.0) (13.0) 5.0  
Provisions 1.2 - 1.2  
A330 landing gear 8.6 - 8.6  
Fleet transition - 6.9 (6.9)  
Total Adjustments 1.8 (6.1) 7.9  
Underlying Operating Profit 17.2 0.5 16.7 3340%

 

Air Pacific Ltd. -- operating & load statistics H1'14 H1'13 H1 H1 YoY %
Passengers flown 579,952 559,467 20,485 4%
Seat factor 82% 75% 7.1 pts 10%
Sectors 8,629 8,209 420 5%

Note: The provisional results are subject to final review by Group external auditors after conclusion of 2014 financial year (31st December 2014)

Pullman_USA
Book Now

4 Day/3 Night Vacation Package .

Pearl Resort - US
Package Deal of the month

The Pearl Resort Package

Flights to Australia
Flights to Australia

Book flights to Adelaide, Brisbane, Melbourne, Sydney, Perth, Townsville and more ...

Flights to New Zealand
Flights to New Zealand

Book flights to Auckland, Christchurch, Wellingtion, Hastings, Tauranga and more …

Flights to USA
Flights to USA

Book flights to Los Angeles, San Francisco, Honolulu, Las Vegas, New York and more ...

About Fiji
About Fiji

Fiji is known across the globe for charming and friendly locals who welcome visitors to their shores.

Discover more about Fiji.

AucklandToFiji-YearRound
Book Now

Fly from Auckland to Fiji from $351 one way. Conditions apply.

Flights to Australia
Flights to Australia

Book flights to Sydney, Brisbane, Melbourne, Adelaide and more …

AucklandToLosAngeles-YearRound
Book Now

Fly from Auckland to Los Angeles via Fiji from only $1,782 Return.

AucklandToSuva-YearRound
Book Now

Auckland to Suva from NZD $426 one way. Conditions apply.

BangkokToFiji-YearRound
Book Now

Bangkok to Nadi, Fiji from SGD 45,952* return. Conditions apply.

FlightsToFiji
Flights to Fiji

Book flights to Fiji

FlighsToNewZealand
Flights to New Zealand

Book flights to Auckland, Christchurch or Wellington.

BrisbaneToFiji-YearRound
Book Now

Fly from Brisbane to Nadi from only $326 one way. Conditions apply.

BrisbaneToLosAngeles-YearRound
Book Now

Fly from Brisbane to Los Angeles from only $1,424 return. Connection via Fiji

ShanghaiToFiji-YearRound
Book Now

Shanghai to Nadi, Fiji from CNY 6,390* return. Conditions apply.

BeijingToFiji-YearRound
Book Now

Beijing to Nadi, Fiji from CNY 6,390* return. Conditions apply.

WuhanToFiji-YearRound
Book Now

Wuhan to Nadi, Fiji from CNY 7,880* return. Conditions apply.

QingdaoToFiji-YearRound
Book Now

Qingdao to Nadi, Fiji from CNY 7,880* return. Conditions apply.

XianToFiji-YearRound
Book Now

Xi An to Nadi, Fiji from CNY 7,690* return. Conditions apply.

XiamenToFiji-YearRound
Book Now

Xiamen to Nadi, Fiji from CNY 6,530* return. Conditions apply.

ChristchurchToFiji-YearRound
Book Now

Christcurch to Fiji from $402 one way. Hurry book now. Conditions apply.

ChristchurchToLosAngeles-YearRound
Book Now

Fly from Christchurch to Los Angeles from only $2,283 return. Connection via Fiji

Cheap Domestic Fiji Flights
Book Now

Take advantage of these cheap Domestic flights with Fiji Link. Conditions apply.

AustraliaToFiji
Flights to Fiji

Flights to Fiji

AustraliaToUnitedStates
Flights to United States

Flights to United States

AustraliaToPacificIslands
Flights to Pacific Islands

Flights to Pacific Islands

CanadaToFiji
Book now

Vancouver to Fiji Special

CanadaToAustralia
Book now

Vancouver to Australia Special.

CanadaToNewZealand
Book Now

Canada to New Zealand special.

CanadaToPacIslands
Book Now

Vancouver to Pacific Islands Special.

HongKongToAustralia
Flights to Australia

Fly Hong Kong to Australia special.

HongKongToFiji
Book Now

Fly from Hong Kong to Fiji special. 

HongKongToPacIS
Flights to Fiji

Fly Hong Kong to Fiji and save !

HongKongToNewZealand
Flights to New Zealand

Fly Hong Kong to New Zealand and save !

FijiToAustralia
Book Now

Fiji to Australia special.

FijiToNewZealand
Book Now

Fiji to New Zealand Special.

FijiToUSA
Book Now

Fiji to USA special

Inspiration
Need Inspiration?

Dreaming of a holiday but not sure where to go? Explore our Inspiration page with articles from our partners and favourite travel journalists. Whether considering our island home or another destination on our network, there’s a place to suit every dream holiday.

MelbourneToFiji-YearRound
Book Now

Fly from Melbourne to Nadi from $400 one way. Conditions apply.

MelbourneToHonolulu-YearRound
Book Now

Fly to Honolulu from $1,148* Return trip. Economy Year round fare. Conditions apply

MelbourneToLosAngeles-YearRound
Book now

Fly from Melbourne to Los Angeles from only $1,710 return. Connection via Fiji

MumbaiToFiji-YearRound
Book Now

Mumbai to Nadi, Fiji from INR 77,909 return. Conditions apply.

NadiToSuva-AU
Domestic Fiji Flights

See more of Fiji by flying with our domestic carrier Fiji Link. You’ll find direct flights to Suva, Savusavu, Taveuni, Kadavu, Labasa and many more Fiji destinations.

NewYorkToAustralia-YearRound
Fly to Australia

Cheap flights from New York to Australia

NewYorkToFiji-YearRound
Book Now

New York to Fiji from $1,875* round trip. Conditions apply.

SingaporeToFiji-YearRound
Book Now

Fly To Fiji From 839* return. Conditions apply.

SingaporeToPacificIslands-YearRound
Book Now

Fly from Singapore to Pacific Islands from 1398* Return.

Special Offers
Special Offers

Check out the latest specials on Fares, In-Flight Duty Free Shopping, Hotels & Resorts packages and more.

SydneyToFiji-YearRound
Book Now

Fly from Sydney to Fiji from $327 one way. Conditions apply.

SydneyToHonolulu-YearRound
Book now

Fly from Sydney to Honolulu from only $982 return. Connection via Fiji. Conditions apply*.

SydneyToLosAngeles-YearRound
Book now

Fly from Sydney to Los Angeles from only $1,545 return. Connection via Fiji

Travel Alert
Travel Alert

Fiji Airways, in compliance with the directive by Australia’s Civil Aviation Safety Authority (CASA), has suspended all Boeing 737 MAX 8 operations to/from Australia. click to read more.

WellingtonToFiji-YearRound
Book Now

Wellington to Nadi from $416* One way. Conditions apply.

HK-Fiji Stopover
Fiji Stopover

Don't Fly over Fiji, Stopover

SG-Fiji Stopover
Fiji Stopover

Don't Fly over Fiji, Stopover

US-Fiji Stopover
Fiji Stopover

Don’t Fly over Fiji, Stopover

NZ-Fiji Stopover
Fiji Stopover

Don’t Fly over Fiji, Stopover

AU-Fiji StopOver
Fiji Stopover

Don’t Fly over Fiji, Stopover

CN_Singapore-Stopover
Singapore Stopover

Combine a Singapore stopover with your trip to Fiji

Vote-For-Us
Vote Now

Vote For US

Golf-nan
Fiji International Golf Tournament

Fiji International Golf tournament held at the superb Natadola Bay Golf Course with Fiji Airways

TabuaClub - promo
Join Tabua Club

For faster travel with priority check-in, boarding & baggage plus more

Bula Bid Upgrade
Bula Bid Upgrade!!

Make us an offer for a chance to fly business class at your price.

PromoFijitoHongKong-YR
Book Now

Fly to Hong Kong from $1859* return. Conditions apply.

FijitoSingapore-YR
Book Now

Fly to Singapore from $1,674 return. Conditions apply.

Travel Agent Schoolies
Unleashed Grad Trips

Celebrate your schoolies or Graduation trip on one of these exotic Fiji Islands, Mana Island or Plantation Island.

Japan to Fiji
Japan to Fiji

Fly Direct from Japan to Fiji from JPY56,200 RT*

Fiji Holidays
Best Holiday Packages

Holiday Package of the Week

Cashless Transactions NZ
Cashless in Christchurch & Wellington

Traveling from Christchurch or Wellington? We're now cashless at these airports.

NadiTO Adelaide
Fly to Adelaide

Cheap flights from Nadi to Adelaide

Flights to Fiji
Flights to Fiji

Book flights to Fiji, Suva, Labasa, Kadavu, Savusavu, Taveuni and more ...

Flights to Pacific Islands
Flights to Pacific Islands

Book flights to Samoa, Tonga, Vanuatu, Solomon’s and more ...

Flights to USA
Flights to USA

Book flights to Los Angeles, San Francisco, Honolulu, Las Vegas, New York and more ...

IN_Singapore-Stopover
Singapore Stopover

Combine a Singapore stopover with your trip to Fiji

UK_Singapore-Stopover
Singapore Stopover

Combine a Singapore stopover with your trip to Fiji

CyberMondayLorna-US
Book Now

Cyber Monday sale !

Cyber-Monday-Cyber-US
Book Now

Cyber Monday sale !

Cyber-Monday-Monday-US
Book Now

Cyber Monday sale !

CyberMonday-Sale-US
Book Now

Cyber Monday sale !

CyberMondayLorna--CA
Book Now

Cyber Monday sale !

CyberMondayCyber-CA
Book Now

Cyber Monday sale !

CyberMonday-Monday-CA
Book Now

Cyber Monday sale !

CyberMondaySale-CA
Book Now

Cyber Monday sale !

CyberMondaysale Lorna-SIN
Book Now

Cyber Monday sale !

CyberMondayCyber-SIN
Book Now

Cyber Monday sale !

Cyber-Monday-sale-SIN
Book Now

Cyber Monday sale !

CyberMondaysale -SIN
Book Now

Cyber Monday sale !

Two day Fiji Stopover
Free Stop Over

2 Night Free Fiji Stop Over

Pac-Fiji
Flights to Fiji

Find flights to Fiji

Pac-Australia
Flights to Australia

Find flights to Australia

Pac-USA
Flights to the United States

Find flights to the United States of America

Pac-NZ
Flights to New Zealand

Find flights to New Zealand

Overlay Loading Icon, 100px Overlay Loading Icon, 50px Overlay Loading Icon, 15px