Air Mauritius (Port Louis, Mauritius) posted a net profit of €7.3 million ($9.9 million) for its fiscal financial year ending on March 31, 2014.
These positive results marked the return to profit of the national airline over a full financial year after two consecutive loss making years.
Air Mauritius has benefitted from its transformation program named “7 Step Plan” which was launched in February 2012. This program, which is on-going, encompasses four “Recovery Steps” and three “Game Changers”. The former relate to our network and fleet, commercial and revenue management, cash improvement and asset rationalization. According to the carrier, “The Game Changers aim at ensuring long term sustainability and involve re-fleeting, improving quality of service and harnessing our human capital.”
“Re-balancing growth to emerging markets was further strengthened during financial year 2012-13. Air Mauritius has rationalized its network and now offers more choice and flexibility to its passengers by serving hubs while flying directly to 20 destinations in Europe, Asia, Africa, Australia and the South West Indian Ocean region. We have also reinforced our gateways to Africa, Asia and Australia while concentrating our network around hubs in Paris, Kuala Lumpur, Johannesburg, Nairobi and Perth with enhanced agreements with airline partners.”
Copyright Photo: John Adlard/AirlinersGallery.com. The Airbus A340s are being phase out. A340-312 3B-NAU (msn 076) lands in Sydney.