Air Mauritius Quarterly Loss Narrows

 

Air Mauritius Quarterly Loss Narrows

Air Mauritius Quarterly Loss Narrows

Air Mauritius reported a quarterly pretax loss of EUR€10.1 million (USD$12.5 million), hit by high fuel prices and a weak euro, and said those factors would continue to weigh on it.

It made an EUR€11.6 million loss in the 2011 period.

Without the weakening of the euro against the dollar, the loss would have been EUR€2.4 million, chief executive Andre Viljoen said.

While Mauritius is a popular leisure destination, the fragile economic situation in Europe has hit the airline and the island’s tourism industry hard.

(Reuters)



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