The national airline company, Air Mauritius Ltd, announced in a press conference today that it has incurred losses of up to 23.7 million euros for the period of 12 months starting from last March and ending on the 31st of March 2015. This is in high contrast with the 7.3 million profits of financial year 2013-2014.
Press conference at Paille-en-Queue Court today. Photo credits: Kamlesh Bukhory.
The outgoing Chief Executive Officer, André Viljoen, explained that their revenues were “under pressure”: the losses were due to the unfavourable euro-dollar exchange rate. Furthermore, the competition in the sector has worsened the matter such that flights to China and Australia have caused losses of 16.8 million euros.
The president of the firm, Arjoon Sudhoo, said that the results are not good at all, adding that it would be a real challenge for the new management.