Fiji Airways Financial Strain
4 articles from 1 country
Fiji Airways reports record revenue but faces financial pressure due to rising costs and a $25 million loss in 2024. Opposition MPs have also criticized the quality of economy-class meals.
Fiji Airways faces financial pressure despite record revenue
- Fiji Airways faces financial pressure despite record revenue, with rising costs and a $25 million loss in 2024. - Opposition MP Alvick Maharaj questioned the airline's financial management, including foreign exchange risks and network expansion. - Finance Minister Esrom Immanuel attributed the pressure to soaring fuel costs and stated a $200 million government guarantee is needed for liquidity a…
Fiji Airways gets $200 million government guarantee amid fuel crisis
- Fiji Airways faces a $130 million increase in fuel costs, prompting the government to approve a $200 million guarantee. - The guarantee aims to strengthen the airline's liquidity and support operati…
MP slams Fiji Airways meals
- Opposition MPs in Fiji criticized Fiji Airways' economy-class meals, deeming them of poor quality and not matching the airline's award-winning status. - Concerns were also raised about the high cost…
Government seeks $200m guarantee for Fiji Airways amid financial pressure
- The Fijian government is requesting parliamentary approval for an additional $200 million guarantee to support Fiji Airways' borrowing. - This guarantee, valid for three years, aims to address the a…