Air Mauritius reports EUR12m operating profit in 3QFY2016

Air Mauritius revenue up 6% - financial highlights for three months ended 31-Dec-2015:

• Operating revenue: EUR131.1 million, +5.9% year-on-year;
• Operating costs: EUR121.2 million, -3.3%;
• Operating profit: EUR12.1 million, compared to a loss of EUR217,000 in p-c-p;
• Net profit: EUR11.0 million, compared to a loss of EUR2.5 million in p-c-p;
• Passenger numbers: 418,188, +11.5%;
• Passenger load factor: 80.6%, +7.5 ppts;
• Total assets: EUR354.6 million;
• Cash and short-term deposits: EUR53.6 million;
• Total liabilities: EUR290.0 million. [more - original PR]

Air Mauritius: "The recent improvement in financial results is expected to continue for the last quarter, despite increased competition. As such, the Company would continue to benefit from the prevailing fuel prices and from further measures to enhance productivity." Source: Company statement, 11-Feb-2016.