You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

Comair posts earnings jump after settlement

SAA paid R1.1bn to Comair in settlements.

South African airline Comair on Tuesday reported a jump in annual profit helped by a R1.1 billion settlement in an anti-competition case with embattled South African Airways (SAA).

Its headline earnings per share (Heps) rose to 197.2 cents from 69.5 cents per share for the year to June 30, Comair said in an updated trading statement.

Heps strips out certain one-off items and is the main profit measure in South Africa.

In February South Africa’s competition body ordered SAA to pay Comair R1.1 billion ($78 million) in a dispute that dates back more than a decade involving SAA’s travel agent incentive schemes.

The firm said the affects of the settlement would be fully disclosed in financial results to be released on Tuesday.

Comair operates flights in southern Africa under a licence from British Airways. 

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: