Air Mauritius Drops Most in 10 Months After Reporting Loss

Air Mauritius Ltd. (AML), sub-Saharan Africa’s fourth-largest airline, declined the most in more than 10 months after reporting a loss for the second quarter.

The stock dropped 17 percent to 15 rupees by 11 a.m in Port Louis, the capital, the biggest intraday decline since Jan. 11.

The airline reported a loss of 7.25 million euros ($10 million) for the three months through September from a profit of 4.97 million euros a year earlier on rising fuel costs and as the debt crisis in Europe, its main market, curbed the number of visitors, the Port Louis-based group said on Nov. 12,

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis via Johannesburg at 1933 or gbell16@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net

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