Air Mauritius posted a net profit of 6.1 million euros for the third quarter (October-December) of the Financial Year 2012 – 2013, which represents an improvement of 9.7 million euros, compared with the same period last year.
The good performances for the second and third quarters made up for the negative results of the first. As a result, Air Mauritius has limited its losses to 3.1 million euros over the last nine months. The results, according to the airline, are a by-product of the recovery plan put in place last year, with regards optimising revenues and reducing operational costs by 13.7 million euros.
Furthermore, the suspension of some European direct flights was compensated by rebalancing capacity towards emerging markets, namely new hubs like Kuala Lumpur, Johannesburg, Nairobi and Perth. 42,000 additional seats were offered on the non-European destinations in October-December 2012.
This helped to maintain tourist arrivals in Mauritius, while the new network contributed to a 15% growth in arrivals from the Asian and African markets.
Air Mauritius says it will continue to explore the possibility of a strategic partnership that would reinforce financial soundness, facilitate a re-fleeting exercise and provide access to a more diversified network.
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