FINANCIAL HIGHLIGHTS
Investors
Annual Report 2016-2017

FINANCIAL HIGHLIGHTS AS AT 31 DECEMBER 2017

Air Mauritius Group and Company results for the Quarter ended 31 December 2017

For the quarter ended 31 December 2017, the Group recorded profit of Eur 4.0 million as compared to profit of Eur 12.8 million for the quarter ended 31 December 2016. The Company posted a profit of Eur 3.7 million as compared to a profit of Eur 12.6 million for the comparative period of last year.

Total passengers carried during the quarter increased by 4.8% to 471,669 as compared to 450,188 passengers carried during the quarter ended 31 December 2016. The number of seats offered increased by 5.0% and the Passenger Load Factor decreased from 81.1% to 79.9%. The passenger yield witnessed a drop of 3.6%. The operating revenue of the Company increased by 4.6% from Eur 135.0 million to Eur 141.3 million whereas the operating expenses increased by 6.3% to reach Eur 128.2 million mainly on account of higher costs due to increased level of operations, increased in oil prices and higher aircraft operating lease following the delivery of two brand new A350-900 during the quarter ended 31 December 2017.

Air Mauritius Group and Company results for the Nine Months ended 31 December 2017

For the nine months ended 31 December 2017, the Group and the Company recorded profits of Eur 10.6 million and Eur 10.0 million respectively. For the corresponding period last year, the Group and the Company had recorded profits of Eur 28.7 million and Eur 28.1 million respectively.

The number of passengers carried went up by 5.9% to reach 1,281,908 as compared to 1,210,145 during the nine months ended 31 December 2016. The number of seats offered increased by 6.3% and the Passenger Load Factor decreased from 80.8% to 79.5%.

Operating revenue of the Company went up by 3.4% to reach Eur 388.7 million whereas operating expenses increased by 4.5% from Eur 332.8 million to Eur 347.6 million mainly on account of higher level of operations, increased oil prices and higher aircraft operating lease payment.

Abridged Statements

Shareholders' Funds

Total Shareholders’ Funds for the Company increased from Eur 91.2 million as at 31 March 2017 to Eur 102.6 million as at 31 December 2017. The resulting net assets per share as at 31 December 2017 was Eur 1.0 (Rs 40.34) as compared to Eur 0.89 (Rs 34.04) as at 31 March 2017.

Outlook

The Company is anticipating a very challenging last quarter. Competition continues to intensify and the yield is constantly under pressure. Furthermore, the price of fuel has significantly increased and is expected to remain volatile. Moreover, any movement on the EUR/USD exchange rate will influence our full year results.