Air Mauritius Group and Company results for the Quarter ended 30 September 2016
For the quarter ended 30 September 2016, the Group and the Company recorded profits of Eur 13.8 million and Eur 13.6 million respectively. For the corresponding quarter of last year, the Group and the Company had recorded profits of Eur 5.8 million and Eur 5.7 million respectively.
Total passengers carried continued to increase. During the quarter passengers increased by 8.9% to 416,485 as compared to 382,604 passengers carried during the quarter ended 30 September 2015. The number of seats offered increased by 5.4% and the Passenger Load Factor increased from 80.4% to 83.7%. However, the passenger yield witnessed a drop of 4.5%. The operating revenue of the Company increased by 2.1% from Eur 131.1million to Eur 133.9 million.
The Brent oil price which averaged USD 56/BL during the quarter Jul15-Sep15, dropped to an average of USD 48/BL for the quarter under review. The fuel hedge payout also reduced from Eur 8.3 million in the quarter ended 30 September 2015 to Eur 2.1 million for the second quarter of the financial year 2016/17. The operating expenses decreased by 4.2% from Eur 118.5 million to Eur 113.6 million. The Company pursued its growth strategy by extending its Asian network to include once weekly direct operations to Guangzhou as from July 2016.
Air Mauritius Group and Company results for the half year ended 30 September 2016
The profit recorded in the second quarter significantly increased the Group and the Company profits for the half year ended 30 September 2016 to Eur 15.9 million and Eur 15.5 million respectively. For the corresponding period last year, the Group and the Company had recorded losses of Eur 3.9 million and Eur 4.1 million respectively.
The number of passengers carried went up by 8.9% to reach 759,957 as compared to 697,702 during the half year ended 30 September 2015. Seat capacity increased from 948,528 to 1,007,896 and the Passenger Load Factor went up from 77.9% to 80.6%. Operating revenue of the Company went up by 2.4% to reach Eur 243.3 million whereas operating expenses decreased by 6.0% from Eur 228.3 million to Eur 214.6 million mainly on account of lower fuel cost.