Strikes to dampeN

Finweek English Edition - - COVER - Co­mair, which oper ates

low- cost air­line Ku­l­ula. com and the l ocal Bri­tish Air­ways fran­chise, is South Africa’s most suc­cess­ful avi­a­tion company.

While South African Air­ways is crip­pled by debt and wracked by po­lit­i­cal and man­age­mentl evel i nfight­ing, Co­mair i s man­ag­ing to widen mar­gins and drive prof­its. The plung­ing oil price, which has dropped more than 50% over the past six months, is un­doubt­edly go­ing to push t he company for­ward.

Rev­enue for the air­line hold­ing company, which also pro­vides an­cil­lary travel ser­vices such as car rental and ho­tel book­ings, has soared over the past year.

Op­er­at­ing profit rose from R621m in 2013 to R705m last year, while earn­ings per share in­creased from 47c in 2013 to 58.4c.

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