Johannesburg - Comair [JSE:COM] shares rose nearly 3% as the
South African operator of British Airways flights and no-frills airline
Kulula.com returned to first-half profit, helped by cost-cuts, better ticket
prices and new fuel-saving planes.
Comair said diluted headline earnings per share totalled
16.4 cents in the six months to end-December compared with 4.9 cents in
headline loss per share a year earlier.
"We are particularly proud of the fact that the
turnaround in profitability was achieved without the retrenchment of any staff,
largely as result of their own commitment towards implementing the changes
required to turn the business around," the company said in a statement.
Comair shares were up 2.63% to R1.95 on the JSE in afternoon
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