Air Mauritius (MK) reported a reduced fiscal first-quarter loss of €10.4 million ($12.8 million) for the three months ending 30 June 2012, a slight improvement from the €11.9 million loss recorded for the same period a year ago. The airline blamed difficult trading conditions caused by the economic crisis worldwide, but particularly in its main market, Europe, as well as high fuel prices, currency exchange rate volatility, and increased competitive pressures. MK pointed out ...

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