Annual Financial Results
Air Mauritius returns to profits
(eTN) - The financial year 2010/11 has seen the Mauritius national airline return to the profit territory after posting a loss of over 280 million rupees last year, when the company announced a profit of about 380 million rupees, equivalent to over 9 million euros.
Part of the reasons cited by airline executives announcing the annual financial results was a passenger growth of over 14 percent, revenue optimization, and cost cutting measures, allowing the airline to resume dividend payments to its shareholders next month with the government of Mauritius continuing to hold a 51 percent majority stake in the airline.
Air Mauritius operates an all Airbus jet fleet comprising 6 A340s, 2 A330s, and 2 A319s, while shorter routes are operated with 2 ATR 72-500s from their hub at Port Louis’ Sir Seewoosagur Ramgoolam International Airport.