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 ended March 31, came against a “complex economic” and geopolitical backdrop, further impacted by the grounding of its two Boeing 787s because of Rolls-Royce Trent 1000 blade-wear ...

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