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...

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