Air Mauritius first-half pretax loss widens on euro woes
PORT LOUIS (Reuters) – Air Mauritius published a wider first-half pretax loss of 6.15 million euros from a 3.07 million euros a year previously due to the depreciation of euro, the airline company claimed on Thursday.
Mauritius is a popular holiday location, yet the fragile financial scenario in its core European markets and the devaluation of the euro against the dollar has actually hit the airline and the island’s tourism market hard.
The Indian Sea island’s nationwide carrier claimed it expected the euro’s problems to continuously detrimentally affect its revenues, but this can be reduced by the recent autumn in cost of fuel.
The airline said in a declaration that although the number of travelers carried increased 3.6 percent to 641,158 in the 6 months through September, the diminishing euro impacted its revenues.
The carrier’s shares closed 2.2 percent lower at 17.50 rupees each. The results were released after the market closed.Finance Trip &