The South African airline that reported the biggest profit is SAA, which made a hefty R398 million profit for the year ending March 2009.
This is a big upturn from 2008 when the company posted a loss of R1.08 billion in 2008.
2009 was a tumultuous year for many industries, and especially for the local airline industry. There were some good spots and then there were some bad spots.
One of the bad spots was SA Airline, whose airplanes got grounded at the end of 2009 and had to cancel three of their routes. However, one airline’s loss is another airline’s gain – no matter how small – and low-cost airlines such as iTime and Kulula could gain in this instance. South African Express Airways has rebranded to SA Express in an effort to become a bigger player in the South African airline market.
Another airline that posted a profit is 1Time: the company posted a R50.9 million in the financial year ending June 2009. This is a big improvement on their 2008 R6.3 million loss. Comair, which operates British Airways and kulula.com, has posted a R73 million profit for the financial year ending June 2009 and Mango is keeping mum on their results.
South Africa’s 7 domestic airlines are 1Time Airways, SA Express, kulula.com, British Airways, Mango Airlines, Nationwide Air and South African Airways.
Autor Bio:
FlightSite wrote this article on British Airways1Time and Kulula.com to give their readers the most up-to-date information on the travelling industry.