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Air Mauritius Drops Most in 2 1/2 Years After Reporting Loss

Nov. 14 (Bloomberg) -- Air Mauritius Ltd., sub-Saharan Africa’s fourth-largest airline, declined the most in almost 2 1/2 years after reporting a loss for the second quarter.

The stock dropped 13 percent to close at 15.60 rupees in Port Louis, the capital, the biggest retreat since June 2009 and its lowest level since November 2010.

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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