Headline earnings could double

COMAIR said yesterday that its headline earnings per share for the year ended June 30, 2017, were expected to be between 85 percent and 104 percent higher than those reported for the year ending June 30, 2016, at between 67 cents and 75c per share. This is a significant improvement in Comair’s earnings as the airline posted headline earnings per share of 42.8c for the six months period ending December 31, 2016. The expected increases were primarily a result of a partial recovery of exchange losses incurred in the comparative period pertaining to the restatement of the dollar denominated aircraft loan, and non-recurring losses on oil hedges. Comair operates British Airways and its low-cost brand, kulula.com. It will release its financial results for the year ended June 30, next month. – ANA IMPERIAL HOLDINGS BELL EQUIPMENT