2017 Annual Report & Accounts

Aurigny has today (Wednesday 13th June) published its 2017 Accounts and Annual Report, marking a year in which the airline made important progress in several key areas of the business.

2017 Annual Accounts.pdf

2017 Annual Report PDF.pdf

During the course of 2017, the Board and management of Aurigny took a number of decisions to improve the performance of the airline, both financially and in the service we offer customers.

Revenue for the year stood at £44.68m, in line with the previous year. Our overall reported loss for the year was £5.19m - almost £2m better than forecast midway through the year.

Aurigny also made a major investment in its lifeline London Gatwick route, launching its own dedicated team of staff at the London airport.

The cost of weather-related disruption was high in 2017, with more than 60 days of disruption in the year including knock-on effects. Looking ahead, aircraft installed technology solutions – enhanced vision systems – are becoming available on new aircraft and could make a significant difference locally.
We are in discussion with aircraft manufacturers and hope to be able to report shortly on developments in our fleet. Future investment in new aircraft will ensure we have a fleet that is fit for purpose for future operations and would significantly reduce scheduled and unplanned maintenance costs. Overall, we would anticipate significant savings over the next 10 years from the investment in new aircraft.

Aurigny Chairman Andrew Haining said: “The Board, management and staff of Aurigny continue to work hard to improve the service we offer customers.
Important initiatives in systems development, staff development, and fleet upgrades will hopefully enable us to build on the progress made in 2017. At the
same time, we have to remain responsive to the strategic objectives of the community; our shareholder and our major customer.”