Air Austral posts full-year net loss on ‘penalizing’ external factors

Credit: Rob Finlayson
Reunion-based Air Austral has posted a €4.5 million ($5.1 million) full-year net loss, its first loss in five years. The airline cited stiff competition, higher fuel prices, adverse exchange rates, Boeing 787 groundings and public protests for the results.Air Austral said the results for the year...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.