Annual Report 2017-2018


Air Mauritius Group and Company results

For the year ended March 31, 2018 the Operating revenue increased by 3.0% from Eur 494.8 million to Eur 509.6 million. The operating expenses increased by 3.9% to reach Eur 464.7 million mainly on account of increased level of operations, and rising fuel prices.

The EUR/USD exchange rate moved from 1.07 on 01 April 2017 to 1.23 on March 31, 2018. This has mitigated the fall in the operating profit from Eur 23.1M to Eur 18.5 million but has also resulted in higher net finance costs of Eur 12.6 million.

For the year ended March 31, 2018, the Group and the Company recorded profits of Eur 4.9 million and Eur 4.5 million respectively as compared to profits of Eur 27.6 million and Eur 26.9 million for the previous year.

Abridged Statements

The number of passengers carried went up by 5.8% to reach a record level of 1,694,956 and the number of seats offered increased by 5.9%. The Passenger Load Factor slightly decreased from 79.6% to 78.9% and the passenger yield witnessed an erosion of 4.1%.

During the year, the Company pursued its growth strategy and as such the overall capacity (measured in terms of Available seat-km) went up by nearly 5.1% as compared to 5.8% for last year. The Company introduced flights to Geneva (on a seasonal basis) and Amsterdam (in code share with KLM). Moreover, the Company took delivery of two brand new A350-900 in October/November 2017 on operating lease.