Air Mauritius on Thursday posted a pre-tax loss for its first quarter of EUR€11.1 million (USD$15.7 million) versus a loss of EUR€11.3 million loss a year earlier, and blamed low season and high fuel prices.
The airline said the number of passengers ticked up by 3.1 percent to a new record of 272,359, while cargo traffic grew by 0.5 percent to 7,972 tonnes in the quarter to the end of June, but higher costs of fuel eroded the company's earnings.
Loss per share was unchanged at 0.11 euros, the airline said.
The airline warned that the highly volatile fuel prices could affect its full-year earnings.
Mauritius is a popular leisure destination, but the fragile European economic situation and the weak euro have hit the airline and the island's tourism industry hard.