Air Austral announces successful turnaround with EUR9.3m operating profit in 1HFY2014

Air Austral revenue down 2% - financial highlights for six months ended 30-Sep-2013:

• Revenue: EUR186.2 million, -2% year-on-year;
• • Passenger: EUR154.6 million, -6%;
  • Freight and mail: EUR16.3 million, +3%;
• Net operating costs: EUR76.9 million, -16%;
• Operating profit: EUR9.3 million, compared to a loss of EUR19.7 million in p-c-p;
• Passenger numbers: 507,203, +3%;
• Load factor: 82%, +1 ppt. [more - original]

Air Austral: "After a transitional 2012-2013 fiscal year in line with our expectations, the company's operating income is now positive, despite the weak and sluggish economy," Marie-Joseph Malé, CEO. Source: Company statement, 26-Nov-2013.