Comair profits continue climb

File: Comair has seen revenue grow in its financial half-year despite inflationary pressures and higher fuel prices. Photo: eNCA

JOHANNESBURG - Local airline Comair has seen after-tax profits shoot up by R4-million to R203-million in its half-year financials.

Headline earnings per share are also up to 43.6 cents from 42.8 cents.

READ: Comair lends helping hand in drought relief

Despite a subdued economy and operating expenses increasing by 5 percent, revenue is up 6 percent.

The aviation industry has been faced with inflationary pressures and higher fuel prices as a result of stronger oil prices.

Comair says its fleet replacement programme continues to contribute to operating efficiencies, helping to contain the cost pressures

 

eNCA

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