Air Mauritius Group and Company results for the Quarter ended 31 December 2015
For the quarter ended 31 December 2015, the Group recorded profit of Eur 11.0 million as compared to loss of Eur 2.5 million for the quarter ended 31 December 2014. The Company posted profit of Eur 10.5 million as compared to a loss of Eur 2.7 million for the comparative period of last year.
Total passengers carried during the quarter increased by 11.5% to 418,188 as compared to 375,156 passengers carried during the quarter ended 31 December 2014. The number of seats offered increased by 3.0% and the Passenger Load Factor increased from 73.1% to 80.6%. Operating revenue increased by 5.9% from Eur 123.7 million to Eur 131.1 million whereas the operating expenses decreased by 4.1% to reach Eur 112.1 million mainly on account of lower fuel prices, in spite of a weaker Euro. The average EUR/USD rate for the quarter ended 31 December 2015 stood at 1.10 as compared to 1.25 for the period October-December 2014.
Air Mauritius Group and Company results for the nine months ended 31 December 2015The financial performance of the third quarter have reversed the losses of the first semester for the Group (Eur 3.9M) and the Company (Eur 4.1 M) to profitability. During the nine months period ended 31 December 2015, the Group and the Company have recorded profits of Eur 7.1 million and Eur 6.4 million respectively notwithstanding the fuel hedging payout of Eur 22.5 contracted in 2014. For the corresponding period last year, the Group recorded a loss of Eur 8.7 million whereas the company posted a loss of Eur 9.1 million.
The number of passengers carried went up by 9.8% to reach a record level of 1,115,890 as compared to 1,016,314 during the nine months ended 31 December 2014. The number of seats offered increased by 3.5% and the Passenger Load Factor increased from 73.2% to 78.9%.
Operating revenue of the Company went up by 5.0% to reach Eur 368.7 million whereas operating expenses increased by 1.9% from Eur 334.2 million to Eur 340.4 million mainly on account of the depreciation of the Euro. The average EUR/USD rate for the nine months ended 31 December 2015 stood at 1.10 as compared to 1.32 for the period April-December 2014. The impact of the depreciation of Euro has been partly mitigated by the drop in fuel prices.