My Account Menu

CAPA Login


Register to trial CAPA Membership!

Worst-case scenario playing out for Air Mauritius?

3-Feb-2009

Air Mauritius issued a frank assessment of its financial position in early Jan-09 as it revealed massive fuel hedging losses and a fall in demand. At the time, the airline stated that if oil prices were to fall below USD30 and demand declined even more sharply than currently projected and/or the Euro were to depreciate sharply against the USD, “additional measures and/or capital injection may be required” – its worst case scenario. Those fears could now be unfolding. [652 words]

Unlock the following content in this report:

Subheadings:

  • Government bailout as hedging losses and downturn swamp carrier
  • Outlook hazy, travel demand slumping
  • Urgent business restructuring

Graphs and data:

  • Air Mauritius international capacity breakdown by region (seats per week as % of total): Week commencing 26-Jan-09
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.