19 Aug 2004

Air Tahiti Nui posts first profit last year

10:27 am on 19 August 2004

Air Tahiti Nui has reportedly posted its first full year annual profit in 2003.

The news agency Tahitipresse reports the airline had a profit of US$3.8 million compared with a US$700,000 loss for 2002.

The figures were part of a press release just issued by the airline.

The 2003 increased revenue represented a two per cent profit margin against a turnover of US$196 million, compared with a turnover of almost US$130 million dollars in 2002.

In the past year, the airline has added two aircrafts, increased available seat kilometers flown to 69 per cent, and increased revenue passenger kilometres flown by 34 per cent.

The five year old airline is also preparing to launch flights from New York and Sydney next July.

The release says since 2002, Air Tahiti Nui has had a positive cash flow, and no longer receives any subsidy from the government of French Polynesia.