Air Mauritius Quarterly Loss Narrows

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...
By
Published: August 9, 2012

Air Mauritius reported a quarterly pretax loss of EUR€10.1 million (USD$ 12.5 million), hit by high fuel prices and a weak euro, and said those factors would continue to weigh on it.

It made an EUR€11.6 million loss in the 2011 period.

Without the weakening of the euro against the dollar, the loss would have been EUR€2.4 million, chief executive Andre Viljoen said.

While Mauritius is a popular leisure destination, the fragile economic situation in Europe has hit the airline and the island’s tourism industry hard.

Airwise News Top Stories

Tagged with: , , ,

Email This Post Email This Post