The national airline company, Air Mauritius, has yet again incurred losses.
Air Mauritius had faced quite some losses for three months uptil September 2014. The second trimester has proved to be as bad as the previous months when it was reduced from Rs 198 million the year before to Rs 19.8 million.
The total revenues of the company are at Rs 4.9 million, compared to the Rs 4.7 million in 2013. But, the slight increase has not made up for the other expenses.
The management of the airline firm attempted to explain the huge net losses relating them to the depreciation of the euro. This had led to shift from profits of Rs 178 million in 2013 to losses of Rs 87 million in 2014.
Other factors have also contributed to the current state of affairs. The second weekly flight to Beijing together with three weekly flights to China have not given the expected results.
The firm has also forecast that the depreciation of the euro will continue to impact negatively on the finances, unless the price of fuel decreases and thus countering the other increases.