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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.