Sunday, 9 March 2014

Air Mauritius Airline Returns To Profitability

A significant turnaround is now visible for the Air Mauritius as the airline’s austerity and cost saving program has taken root, showing a pretax profit of over 5.2 million euros for the first 9 months of the 2013/14 financial year. For the same corresponding period in 2012/13 the airline was still in the red to the tune of over 3.1 million Euros.
Newly introduced flights to China have yielded more or less instant results while the cutting of other destinations resulted in major savings for the airline.

CEO Andre Viljoen was quoted to have said as the figures were presented: “L'objectif central du plan de transformation que nous avions lance il y a deux ans etait de restaurer la profi tabilite de la compagnie. Air Mauritius est donc sur la bonne voie” or roughly translated into English “A key objective of the transformation plan launched two years ago was to return the airline to profitability. Air Mauritius is now on the right track.”

The increase in available seats resulted in a rise in passenger numbers by about 4 percent compared to a year ago but also slightly depressed the fleet average load factor from 80.7 percent to 79.2 percent in spite of increased competition which saw Emirates introduce a daily Airbus A380 flight which now operates in addition to a B777 daily frequency.

As reported here more recently has Air Mauritius renewed a partnership agreement with Air France/KLM (Air France is an equity partner in Air Mauritius) amid speculation of a potential future link up with global airline alliance SkyTeam.


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