The devaluation of the metical against the US dollar has led to 300% higher losses for Mozambique’s state airport manager Aeroportos de Mocambique (AdM) in 2015 falling to US$38.5 million, according to the annual report published this week in Maputo.
In 2014, AdM recorded a loss equivalent to US$9.6 million.
The document quoted by daily newspaper O País, said AdM’s revenues increased by 22% compared to 2014, growth that was “largely influenced by the appreciation of the dollar against the metical, as aeronautical taxes are indexed in dollars.”
Air passenger traffic by Mozambican companies fell 4.1%, with 756.2 million passengers per kilometre carried compared to788.8 million passengers per kilometre transported in 2014.
The company explained this fall in the number of passengers was because of the devaluation of the metical against the dollar as this led to a drop in demand along with an increase in flights by foreign companies, such as Ethiopian Airlines, Turkish Airlines, Qatar Airways and Kenya Airways.
AdM manages four international airports (Maputo, Beira, Nampula and Nacala), seven major airfields (Pemba, Tete, Lichinga, Inhambane, Chimoio, Quelimane and Vilanculos) and nine secondary aerodromes (Angoche, Bilene, Inhaca, Lumbo, Mocímboa da Praia, Ponta de Ouro, Costa do Sol, Ulongué and Songo). (macauhub)