Air Seychelles Registers Solid Performance For Second Quarter, First Half Of 2013

Air Seychelles reported a strong second quarter and half-year financial performance, reflecting continued solid growth and success in its turnaround strategy.

In Q2, the national carrier of the Republic of Seychelles posted total revenues of $26.03m (up from $10.87m in 2012), a significant increase of 139%. Total revenues for the first half of 2013 reached US$42.05m (2012: $18.76m), up by 124 percent.

Q2 passenger revenues came in at $17.5m (up from $7.1m in 2012), a significant increase of 146 percent. Passenger revenues for the first half of 2013 reached US$27.97m (2012: $14.0m), up by 99 percent.

Passenger numbers on the airline’s domestic and international services in Q2 2013 grew 56 percent, rising to 82,893 from 53,066. In the first half of 2013, passenger numbers grew by 44 percent to 146,980 (2012: 101,977).

Air Seychelles’ Chief Executive Officer, Cramer Ball, attributed the Q2 and half-year results to the airline’s ongoing turnaround strategy, which included significant expansion of international services following the addition of a second Airbus A330-200, and greater revenue contributions from its equity partner Etihad Airways and codeshare partners.

The airline expanded its codeshare agreement with Etihad Airways to include Dublin, Melbourne and Sydney, bringing to 23 the number of codeshare destinations served by the airlines.

Air Seychelles also signed codeshare agreements with airberlin, South African Airways and Czech Airlines, adding Berlin, Düsseldorf, Johannesburg and Prague to its codeshare network.