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.
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