The parity between Euro and US dollar
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“The near parity between the Euro and the US dollar is creating havoc to its revenue which is falling and the revenues are mainly in Euros; so, at 60%. Costs are mainly in US dollars, around 60% again. So, the near parity of the Euro and the US dollar is creating a disrupting situation for Air Mauritius. On top of that, we have to add the ageing fleet and the high costs of operation. (...) The Board of Air Mauritius has decided to take whatever action is required to return the company to profitability.”
Xavier-Luc Duval, Deputy Prime Minister
