Air Mauritius has reported a profit of €78,63 million (R1,4bn) for the 2025/26 financial year, with shareholders’ equity returning to a positive for the first time since the pandemic.
The profit was partly driven by accounting adjustments relating to aircraft return provisions, unredeemed and expired COVID-era vouchers, and unrealised foreign exchange gains. The airline also benefited from favourable fuel prices and a strong euro.
Despite the improved results, the Board cautioned that the airline faced a more challenging outlook for 2026/27, particularly due to high fuel prices that could not be fully offset through airfares.
“Whilst the results give us hope, we cannot afford to relax. As the euro exchange rate and fuel prices in 2025/2026 worked for us, we cannot count on this in 2026/2027. Our cost control office is watching every single euro spent to ensure we maximise value across the whole organisation. Simultaneously, our revenue recapture initiatives, including steps to address lower passenger demand, are being implemented to ensure that revenue improvements match our cost inflation,” said CEO Andre Viljoen.
