Johannesburg - Budget airline 1time Holdings (1TM) said on Tuesday that its headline earnings per share for the twelve months ended December 31 2009 is expected to be between 36 cents and 40c per share, from 0.46c previously.
An earnings per share of between 17c and 20c per share is expected from a prior loss of 4.70c per share.
"The difference between earnings and headline earnings per share is largely due to impairment on aircraft resulting from the strengthening of the rand/dollar exchange rate and the decrease in aircraft dollar value," 1time said.
The group expects to publish its results by the end of March 2010. - I-Net Bridge