Air Mauritius Group and Company results for the nine months ended 31 December 2012
The profit recorded in the third quarter further reduced the Group and the Company losses for the nine months ended 31 December 2012 to Eur 2.6 million and Eur 3.1 million respectively. For the corresponding period last year, the Group and the Company had recorded losses of Eur 22.6 million and Eur 22.2 million respectively.
Though the number of passengers carried went down slightly by 0.9% to 969,488 as compared to 978,702 during the nine months ended 31 December 2011, the operating revenue of the company increased by Eur 5.5 million (+ 1.6%) to reach Eur 340.4 million. On the other hand, operating expenses decreased by Eur 4.8 million with fuel cost witnessing a net decrease of Eur 4.3 million (-3.1%) against the corresponding period of last year. Seat capacity slightly increased from 1,360,640 to 1,372,383 whilst passenger load factor improved from 77.7% to 79.0%.
The gradual implementation of the 7 Step Recovery Plan is impacting positively on the performance of the company. However, high fuel prices and the volatile EUR/USD exchange rate will remain a major challenge for the company.