Air Mauritius improves first quarter loss and eyes full-year profit despite high fuel costs
Although Air Mauritius reported a first quarter loss, as it has done for the past three years, the loss for the quarter ending Jun-2011 showed an improvement year-on-year, and comes despite fuel prices decreasing profits globally. Passenger numbers are up, reflecting a continuing rise in tourist numbers to the island nation. As Mauritius continues to look to Asia Pacific for better trade and foreign relations, the national carrier launched services to China, and is considering establishing Kuala Lumpur as a base for future Asian expansion. Part of this will necessarily involve the easing of access restrictions to/from Mauritius. The nation, and the airline, need to shift focus away from traditional source markets in Europe to drive future revenue.