Air Seychelles bullish on 2012 profitability

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Air Seychelles remains confident that it will meet its profitability target in 2012 after unveiling a revenue rise in the third quarter to $13.8 million, up 23% on the previous quarter. However, no profit or loss figures were revealed.

Passenger numbers grew quarter-on-quarter to 79,887 from 53,066 in the previous quarter and load factor rose by 17 percentage points to 60%.

Cramer Ball, chief executive of Air Seychelles, says: "The scale of the task in turning around this company has been significant. There is a fantastic business here based on enthusiastic and committed people, but it needed a more effective commercial focus. Working together, we have been able to bring that new focus to bear."

He says yields are improving on all routes, while costs continue to fall on the back of restructuring at the carrier.

During the quarter, the airline introduced its first A330-200 into its fleet, with a second due to follow early next year. Meanwhile, 23 pilots have been fully trained on the Airbus A330-200, with another two currently undergoing training.

In January 2012, Etihad Airways took a 40% shareholding in Air Seychelles and has a five-year management contract.