$6 Million Payout For Airline Staff
Fiji Airways Group is making a profit payout of approximately $6 million to its staff and management.
Making the announcement in Nadi yesterday, Attorney-General and Minister responsible for Civil Aviation Aiyaz Sayed-Khaiyum said Fiji Airways Group was one of the state-owned entities that shared its profits with its staff.
“And of course, as we have given out bonuses also, not profit sharing, with other state-owned enterprises, their bonus level has been in fact comparatively much lower than what you are actually gaining as profit sharing,” Mr Sayed-Khaiyum said.
Enabling this profit payout is the group’s record achievement of $84.5m pre tax profit for the fiscal year ending December 31, 2016 compared with the $70.2m achieved the previous year.
This is an increase of about $14m which surpasses pre tax profits achieved by the group in previous years, Mr Sayed-Khaiyum said.
“Therefore, based on the profits that have been announced, all eligible non-management staff of Fiji Airways and Fiji Link will receive a profit share out of $4000 each for every single staff.”
This was about 20 percent higher than the previous year’s payout.
“The eligible Fiji Airways and Fiji Link managers will receive $9000 each, this is 20 per cent higher than the previous year.”
This is an addition to bonuses of up to $1200 per year that non-management staff of Fiji Airways and Fiji Link already stand to earn for achievement of key objectives.
The group achieved revenue of $825.3m compared with the $815.3m that was achieved the previous year.
The group’s passengers’ number increased to 1.4 million from the 1.3 million compared with the same period last year.
“We, of course, would like to emulate that to other state-owned enterprises, using you as a role model,” Mr Sayed-Khaiyum said of the group’s achievement.
He also encouraged the staff of Fiji Airways Group and its management to keep aiming high.
“However, in order to achieve that, Fiji Airways has to go through a number of reforms and Fiji Airways has to remain focused on a number of commercial imperatives, human resources imperatives, and of course, the new game in town, your service delivery imperatives.”
Fiji Airways Group Managing Director/CEO, Andre Viljoen said: “This is a fantastic result, as we record another year of growth in reported profit. This strong performance is a true testament to the tremendous work done by our team, responding strongly to the challenges we faced.”