11-Feb-2011 1:02 PM

Air Mauritius 3QFY2011 profits jump, 4Q2011 outlook encouraging

Air Mauritius revenue up 23% - financial highlights for the three months ended 31-Dec-2010:

  • Revenue: EUR125.0 million, +23.0% year-on-year;
  • Operating costs: EUR102.8 million, +17.8%;
  • Operating profit: EUR14.6 million, +66.5%;
  • Net profit: EUR12.6 million, +277.3%;
  • Passenger numbers: +15.4%;
  • Passenger load factor: 82.9%;
  • Passenger yield: +96%;
  • Cargo volume: +10.2%;
  • Total assets: EUR399.1 million, -1.0% when compared to period ended 31-Mar-2010;
  • Total liabilities: EUR285.9 million, -5.7% when compared to period ended 31-Mar-2010. [more]

Air Mauritius: “The market outlook for passenger travel in the fourth quarter is encouraging. However, conditions remain challenging as yields continue to be under pressure and the oil price continues its sharp upward trend. In these circumstances, the Company remains cautiously optimistic,” Company Statement. Source: Air Mauritius, 10-Feb-2011.