Corsair announced positive financial results for the 2023-2024 financial year in early December (October 1 to September 30), with an operating result of 3 million euros and a positive net result of 1,1 million d’euros.
The company thus achieves its objective of returning to balance.. Corsair’s turnover, up 9%, amounts to 701 million euros, i.e. an increase of 59 million euros compared to the previous financial year, a historic record for the second long-haul French company. This performance is accompanied by strong growth in freight (+17 %) and revenue generated by paid options (+43 %), as well as an increase in the number of passengers carried (more than 1,4 million). In 2022-2023, Corsair had lost 37 million euros, after recording a negative result of 114 million during the previous financial year.
In just over three years, the company now controlled by mainly West Indian investors has invested more than a billion euros in the renewal of its fleet, now composed of 9 Airbus A330neo. This modernization allowed the product to move upmarket and strengthen the Business and Premium classes..
Corsair says it awaits with confidence the response from the European Commission on its new restructuring plan, which provides for the cancellation of 103 million euros of public debt.
