Comair profits drop 50% on weaker rand

[Ockie]

COMAIR, which reported a near 50% decline in interim profits due to the weakening rand offsetting gains from a lower oil price, says continued upgrades to its fleet "remained the best solution to the expected recovery in fuel price".

The British Airways franchisee, which operates low-cost airline kulula.com, reported profit for the period ended December down nearly half to R83.7m from R163.6m in the previous corresponding period.

Operating costs had declined 2% due to the suppressed dollar price of oil, but the rand had declined 23% against the dollar in the interim period.

Maintenance, aircraft parts and fuel are just some of the input costs denominated in foreign currency..............

http://www.bdlive.co.za/business/transport/2016/02/17/comair-profits-drop-50-on-weaker-rand

 

[F1 Fan]

Just shows how efficient they are if they are able to sustain a profit like this after a 23% drops in rand value.

 

[Draganchor]

A weaker rand led Comair to revalue the dollar denomination of a $27m loan for one aircraft which resulted in a R91m value increase in the company’s debt.

Jep, now lets do a lottery of how much SAA is going to take our pockets. Sorry how much away for civil upgrading that we all call for.
Can some one with maths skill figure out just the last two year, the bail out of SAA v the amount of houses that could have provided?

I am pretty dumb with those huge figures.

 

[grok]

Jep, now lets do a lottery of how much SAA is going to take our pockets. Sorry how much away for civil upgrading that we all call for.
Can some one with maths skill figure out just the last two year, the bail out of SAA v the amount of houses that could have provided?

Zupta airlines belongs to the state & the state belongs to the president who in turn belongs to the Guptas, so around eleventy hundred billion rupees?