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Air Mauritius operating profit in 2QFY2014 narrows 1HFY2014 loss

12-Nov-2013 3:43 PM

Air Mauritius revenue up 5% - financial highlights:

  • Three months ended 30-Sep-2013:
    • Operating revenue: EUR118.4 million, +5.2% year-on-year;
    • Operating costs: EUR108.6 million, +1.4%;
    • Profit: EUR5.0 million, +317%;
    • Passenger numbers: 339,688, +6.8%;
  • Six months ended 30-Sep-2013:
    • Operating revenue: EUR217.4 million, +0.2%;
    • Operating costs: EUR209.4 million, -2.9%;
    • Profit (loss): (EUR3.1 million), compared to a loss of EUR9.0 million in p-c-p;
    • Passenger numbers: 618,868, +1.4%;
    • Total assets: EUR355.8 million;
    • Cash and short-term deposits: EUR15.1 million;
    • Total liabilities: EUR286.0 million. [more - original PR]

Air Mauritius: “The results of the first semester are in line with our expectations. The implementation of the Recovery Plan is impacting positively on the results of the Company. It is expected that the financial performance of the company will further improve in the second semester.” Source: Company statement, Nov-2013.