DISCUSSION: Comair shares and high passenger volumes
80 views · Published 13 September 2016 · 8:57 · Indexed 26 October 2026
Channel: SABC News · 2016 · News & Politics
Shares in Comair have risen today despite the airline reporting lower profits. Comair is the local representative of British Airways, and operates low-cost airline, kulula. In financial results until the end of June Comair says that passenger volumes rose and income rose. . Other costs weighed, meaning net profit fell by 12 percent for the year to R193 million. Comair says the airline performed well in the context of a 27% weakening of the rand. The airline says there was a significant exchange rate loss of R74 million on the re-evaluation of a dollar loan on one aircraft. Earlier this year Comair lost a legal bid to challenge the bank guarantees given by government to SAA. It is still in court with SAA to determine damages after SAA was found guilty of anti-competitive behavior between 2000 and 2006. For more news, visit: http://www.sabc.co.za/news
More from this channel
-
3:40
YCL lays the blame on President Zuma's doorstep regarding fees
-
1:53
Violence at Joe Slovo High School sees 8 pupils arrested
-
2:26
Gavin Hunt admits to pressure to deliver silverware
-
1:20
Mayor Msimanga on a cleansing campaign in Tshwane
-
1:23
Victor Khanye Municipality licensing department closed
-
1:44
Heidedal residents can't bare the stench from a sewage plant
-
3:00
Motion for an ad-hoc committee into state capture rejected
-
9:17
Doc Shebeleza on SABC Thank You concert