ACSA records R1bn loss but sees recovery

JOHANNESBURG - The recent liquidation of Comair and other airlines will hurt the Airports Company of South Africa’s bottom line.

CEO Mpumi Mpofu says other airlines will increase their fleet availability.

READ: Mbalula: ACSA sale not on the table 

State run ACSA, which manages nine airports in the country, reported a narrower annual loss of one billion rand in its 2022 results.

An improvement from a 2-point-6 billion rand loss the year before.

It says domestic travel is still 30 percent down on pre-covid levels.

CEO Mpumi Mpofu says the recent airline liquidations will be felt this year.