Mango sustainability in SA airline arena
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Apart from that, because Comair has no access to the government purse
Who do you think gave Comair there first jets, routes and training?
The old Nat government of course.
Before that it was Daks and F27's.
If it was'nt for the appartheid govenment's help I do not think Novik would get so much air time - unless there was some scandal in aircraft sales.
The old Nat government of course.
Before that it was Daks and F27's.
If it was'nt for the appartheid govenment's help I do not think Novik would get so much air time - unless there was some scandal in aircraft sales.
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loandslo, please quantify your statement.
If you had ANY knowledge about Comair's operation you'll note that they only started operating the B737's after the Nats left the scene.
The 3 737's were "basic" aircraft that they bought when they became redundant from SAA. They weren't "given" anything.
Before that they leased a F28 for a short while to test the waters.
If you had ANY knowledge about Comair's operation you'll note that they only started operating the B737's after the Nats left the scene.
The 3 737's were "basic" aircraft that they bought when they became redundant from SAA. They weren't "given" anything.
Before that they leased a F28 for a short while to test the waters.
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...to subsidise and support SAA, SA Express and Mango.
South Africa: SA Express Flying High on New Fuel-Efficient Aircraft
Business Day (Johannesburg)
13 November 2008
Julius Baumann
Johannesburg
DESPITE a surge in fuel prices in the year to September, regional airline South African Express (SAX) posted a net profit of R201m, boosted by a 14,3% rise in turnover.
In the year under review oil prices surged dramatically, reaching a record $147 a barrel in mid-July. Yet the state-owned airline's total fuel cost decreased 0,1% to R286,87m from R287,17m the year before.
SAX, which did not hedge against the rising oil price during that period, attributed the cost containment to the use of modern, fuel efficient aircraft.
SAX has grown its fleet to 21, taking delivery of two new Bombardier Q400m turboprop aircraft during the year. A further two aircraft will be delivered by the end of the year.
The operating profit margin increased from 19% in the last financial year to 25% this year due to a positive growth in revenue and operational efficiency gains.
"Our financial success is also the result of investing in the right aircraft. Our aircraft are more efficient with lower fuel burn," said CEO Sizakele Mzimela.
She said the volatile oil price continued to pose challenges for SAX. "In response, we have acted swiftly to manage capacity, preserve liquidity and aggressively manage our costs."
During the year the airline increased the number of passengers carried during the 2007-08 financial year 6%.
Rich Mkhondo, head of corporate affairs, said the airline would continue to expand its network in the year ahead.
Business Day (Johannesburg)
13 November 2008
Julius Baumann
Johannesburg
DESPITE a surge in fuel prices in the year to September, regional airline South African Express (SAX) posted a net profit of R201m, boosted by a 14,3% rise in turnover.
In the year under review oil prices surged dramatically, reaching a record $147 a barrel in mid-July. Yet the state-owned airline's total fuel cost decreased 0,1% to R286,87m from R287,17m the year before.
SAX, which did not hedge against the rising oil price during that period, attributed the cost containment to the use of modern, fuel efficient aircraft.
SAX has grown its fleet to 21, taking delivery of two new Bombardier Q400m turboprop aircraft during the year. A further two aircraft will be delivered by the end of the year.
The operating profit margin increased from 19% in the last financial year to 25% this year due to a positive growth in revenue and operational efficiency gains.
"Our financial success is also the result of investing in the right aircraft. Our aircraft are more efficient with lower fuel burn," said CEO Sizakele Mzimela.
She said the volatile oil price continued to pose challenges for SAX. "In response, we have acted swiftly to manage capacity, preserve liquidity and aggressively manage our costs."
During the year the airline increased the number of passengers carried during the 2007-08 financial year 6%.
Rich Mkhondo, head of corporate affairs, said the airline would continue to expand its network in the year ahead.
Rising fuel costs eat into Comair’s Profit
By: Chanel Pringle
Published: 17 Sep 08 - 10:45
Operator of British Airways and kulula airliners in Southern Africa, Comair, on Wednesday reported that the second half of its 2008 financial year had been the toughest trading environment in the history of the airline industry, with high oil prices negatively impacting on the group's costs and earnings.
The group, led by joint-CEO's Gidon Novick and Erik Venter, said in a statement to shareholders that oil now represented over one-half of its costs.
Comair's net profit declined by 43% to R62-million for the year ended June 30, compared with R109-million the year before, mainly owing to a R380-million increase in the group's fuel costs.
By: Chanel Pringle
Published: 17 Sep 08 - 10:45
Operator of British Airways and kulula airliners in Southern Africa, Comair, on Wednesday reported that the second half of its 2008 financial year had been the toughest trading environment in the history of the airline industry, with high oil prices negatively impacting on the group's costs and earnings.
The group, led by joint-CEO's Gidon Novick and Erik Venter, said in a statement to shareholders that oil now represented over one-half of its costs.
Comair's net profit declined by 43% to R62-million for the year ended June 30, compared with R109-million the year before, mainly owing to a R380-million increase in the group's fuel costs.
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Originally Posted by Q4VNS
Government "Sponsored" airlines
Well done SAX. This is how a government owned airline should be run.
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"The 3 737's were "basic" aircraft that they bought when they became redundant from SAA. They weren't "given" anything."
Yes, I remember these. Weren't they quietly sold to Comair for an undisclosed sum, instead of following the tender procedures normally associated with Transnet (hence SAA).
I also seem to remember that Flitestar were very keen to get their mitts on them (after discovering the A320's were rather expensive to operate), even to the extent of taking the issue to court. Apparently the SAA management of the time saw Comair (being leisure orientated) as less of a rival than Flightstar (business orientated). I think Flitestar collapsed before the case went to court.
Yes, I remember these. Weren't they quietly sold to Comair for an undisclosed sum, instead of following the tender procedures normally associated with Transnet (hence SAA).
I also seem to remember that Flitestar were very keen to get their mitts on them (after discovering the A320's were rather expensive to operate), even to the extent of taking the issue to court. Apparently the SAA management of the time saw Comair (being leisure orientated) as less of a rival than Flightstar (business orientated). I think Flitestar collapsed before the case went to court.
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Originally Posted by loandslo
Comair started operating Boeing 737-200's in 1992.
First free and fair elections in South Africa in 1994.
First free and fair elections in South Africa in 1994.
Originally Posted by DONT THINK
Dare i ask the question who crewed the 737's for Comair initially ......
Anyway, it's great that SAX made a profit - one day Mango might do the same. But the bottom line is that they should be standing on their own two feet all the time. It's all very well being proud of how profitable SAX is, but the fact of the matter is that they know if times get tough, it's bailout time. Companies like 1T, Comair etc know that if things go bad, that's it...game over. No second chance, no magic parachute. It makes for more cautious thinking on their part I would imagine.
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Dare i ask the question who crewed the 737's for Comair initially ......
SAA crew flew for them until SAA finished training the Comair crews.
As for political favours...
I have not seen any other airlines go out of their way to give their routes, aircraft, crew and training - all for an undisclosed sum to the competition for fun...
You decide.
As for political favours...
I have not seen any other airlines go out of their way to give their routes, aircraft, crew and training - all for an undisclosed sum to the competition for fun...
You decide.
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financial results
I was just wondering if mango has published it's financial results for 2008-2009 yet? If I'am not mistaken they had two years to get this thing working!
happy flying
happy flying
