Business Services Industry
Air Pacific shows a small profit.
Australasian Business Intelligence, August, 2002
Aug 08, 2002 (Aircraft and Aerospace
ABIX via COMTEX) -- Air Pacific has posted a profit before tax of $A9.7 million for its latest reporting period. The result represents a turnaround when compared with a loss of $A38.5 million the previous year. The results were achieved from 32.7 per cent higher revenue of $A353.4 million. Air Pacific chairman Gerald Barrach is cautious but optimistic of the company's future, saying that the airline must build up its reserves by focusing on profitable routes and cutting down costs. No dividend has been declared to shareholders.
Publication Date: August 2002
AIR PACIFIC LIMITED
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