Air Seychelles, the national airline of the Republic of Seychelles, today reported its fourth year of profitability in a row, with net profits of USD2.1 million in 2015, on revenues of USD 105.4 million.
A total of 522,873 passengers travelled with the airline in 2015, 22 per cent more than in 2014.
Air Seychelles passenger carrying capacity, measured in Available Seat Kilometres (ASKs), increased by 7 per cent to 1.7 billion by the end of 2015. Despite this increase the airline’s seat load factor rose by 6 percentage points from 60 per cent in 2014 to 66 per cent in 2015.
Cargo services continue to be a major area of growth for Air Seychelles, with the airline carrying 4,415 tonnes of freight, primarily driven by wide body operations on Johannesburg and Paris routes.
Roy Kinnear, Chief Executive Officer of Air Seychelles, said, “The profit we have delivered in 2015 is, above all, a great sign for the future. We have the right foundations in place going forward.
Since July 2015 the airline has undertaken a number of initiatives outlined in its turnaround plan to transform and bring efficiencies into the national carrier and turn it into a profitable, stable, reliable and strong airline to serve Seychelles and the broader Indian Ocean region.
The airline brought onto its own registry three new generation Airbus aircraft, with two A320s and one A330 added to the fleet. As a result, it was able to tap into new markets and grow the number of frequencies in its regional network.
During 2015, Air Seychelles network of codeshare destinations rose from 30 to 61, through partners including airberlin, Alitalia, Etihad Airways, Jet Airways, NIKI, South African Airways and Air France. Partnerships, coupled with the induction of the jet fleet, introduction of direct flights to Paris and increase of frequencies in the region, have been a key driver of the significant growth in passenger numbers in 2015.
Of the total passengers carried, 30 per cent were contributed by partner airlines, generating 41 per cent of Air Seychelles’ passenger revenue, demonstrating the importance of growth through partnerships.
Air Seychelles’ growth has created a significant number of new jobs for Seychellois nationals. During 2015, the airline increased its workforce by 128 new professionals. With the focus remaining on providing an excellent guest experience, the Ground Services department of Air Seychelles has employed 55 service professionals at Mahe International Airport.