Fiji Airways has announced the highest ever operating profit of 60.8 million dollars which will also result in record bonus payments to all Fiji Airways and Fiji Link workers.
All eligible non-management staff of Fiji Airways and Fiji Link will receive a profit-share payout of $3,000 each, subject to tax and FNPF deductions as required.
All eligible Fiji Airways and Fiji Link managers will receive a Management Bonus of $7,000 each.
These are also subject to tax and FNPF deductions.
In addition, non-management staff for both airlines already stand to earn quarterly Key Performance Indicator related bonuses of upto $1,200 per year on achievement of key business objectives.
Fiji Airways earned $770 million revenue in 2014 compared to $541 million for the nine month period ended 31st December 2013.
The airline also grew passenger numbers by 4.5 percent compared to the previous year, flying 1.244 million passengers last year.
Outgoing Fiji Airways CEO and Managing Director, Stefan Pichler said it’s important not to lose sight of the fact that aviation is a volatile industry.
Pichler said the fuel price relief will not last and indications are that the price is increasing again.
He said the airline will maintain its cost-management discipline and focus, and only make wise investment decisions.
The announcement of the record result has been described as a wonderful day for Fiji by the Attorney General, Aiyaz Sayed-Khaiyum.
He said the result is also a vindication of the FijiFirst government’s program to reform the airline working closely with the Fiji Airways board and management.
He said together they replaced trade union confrontation with cooperation and transformed the working environment.
Sayed-Khaiyum said they also empowered the workers of Fiji Airways and gave them a stake in the airline’s future.
The Attorney General said this partnership has not only paid a handsome dividend for the airline and all who work for it but is a model of excellence and performance for every industry in Fiji.
Meanwhile the new Managing Director and CEO for Fiji Airways will be announced soon.
