Corsair consolidation underpins growth plan

Corsair completed its fleet renewal plan at the beginning of the year with the delivery of its ninth and last Airbus A330neo. The new aircraft made its inaugural flight between Paris-Orly and Cotonou in Benin.

According to the airline’s CEO, this ambitious project, launched in 2020, was brought to completion on time despite the challenges facing the global supply chain. Pascal de Izaguirre pointed out that: "This modernisation reflects our commitment to offer a high-quality product, always at competitive prices" alongside a more environmentally-friendly flight experience.

Corsair is committed to energy transition through fleet renewal and commonality especially with the Airbus A330neo, which reduces fuel consumption and CO2 emissions per seat by 25 per cent, and noise footprint by 60 per cent.

The new fleet will support its newly-defined route development plan after reassessing its network efficiency and profitability amidst a competitive environment. Corsair will connect the capital of Republic of Congo Brazzaville in Q2 2025.

The airline also announced that it will stop its transatlantic Paris-Montreal route next summer to "refocus on its three pillars: the West Indies, the Indian Ocean and Africa". According to Corsair this closure after two decades is due to "a change in strategy" in the wake of an overall restructuring and repositioning plan to address new challenges.

After six years in the red, Corsair announced positive financial results for the 2023/2024 financial year, with an operating profit of €3m (US$3.25m), +€40.1m (US$43.5m) compared with the previous year. Its revenue increased by nine per cent to €701m (US$759.7m). It has recorded a strong growth in freight (+17 per cent) and ancillary revenues (+43 per cent), as well as an increase in the number of passengers carried, exceeding 1,400,000 people.

Pascal de Izaguirre told the press that these financial results obtained after rigorous cost management show "the solidity of our strategy and the unwavering commitment of our teams".

Corsair is embarked on a new era of growth. The airline aims to restore its place in its traditional markets while flying to new destinations. Let’s see how it adapts to evolving passenger preferences and new market dynamics.