Although the negative balance shows a contraction of 15.5% compared to the previous year's deficit of 5.49 billion Francs CFA, the public airline has not reached the threshold of profitability. The viability of the operator's economic model remains dependent on public capital injections, materialized by an increase in state operating subsidies, which amount to 6.85 billion Francs CFA, representing a year-on-year increase of nearly 39%.

The commercial dynamic is reflected in an increase in global turnover, consolidated at 24.47 billion Francs CFA, compared to 22.67 billion Francs CFA a year earlier, representing an appreciation of 7.9%. Revenues from the core business (passenger and freight transport) generated 22.20 billion Francs CFA, while ancillary products contributed 2.27 billion Francs CFA. However, net wealth generation is insufficient to cover rapidly growing external services, with an envelope rising to 19.79 billion Francs CFA. Personnel costs also increased to reach 4.26 billion Francs CFA, neutralizing the corrective effect of the decrease in depreciation allowances, which fell to 4.77 billion Francs CFA.

The intermediate management balances confirm the company's overall operational fragility. The company's value added shows a negative balance of 760.9 million Francs CFA, while the gross operating surplus records a deficit of 5.02 billion Francs CFA. The operating result remains in the red at -2.90 billion Francs CFA, impacted by a financial result that plummeted to -1.21 billion Francs CFA. The balance sheet liabilities reveal an accumulation of payable tax and social debts, with a total amount now standing at 19.92 billion Francs CFA, compared to 15.75 billion Francs CFA at the end of the comparison period, illustrating a persistent tightening of available cash.


Asaba

Tags: transport aérien camair-co finances aviation entreprise publique rentabilité chiffre d'affaires dettes fiscales gestion opérationnelle