Fiji's Air Pacific back in the black after two year turnaround

Mon, 25 Jun 2012

By Pattrick Smellie June 25 (BusinessDesk) - Fiji's national airline, Air Pacific, has returned its first operating profit since plunging to a F$91.8 million loss two years ago, declaring a group surplus before tax of F$13.4 million for the year to March 31, compared with an operating loss of F$3.7 million a year earlier. Group statutory profit was F$10.7 million for the year, compared with F$25.3 million in the previous year, but the earlier year's profit reflected one-off items relating to cancellation of aircraft deliveries. Group operat...

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