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Johannesburg - Low cost airline Mango said it expects the summer holiday season to be profitable, and to return to the high passenger rates it achieved in 2007 and 2008.
CEO Nico Bezuidenhout said the expected recovery stems from the recent sharp increase in load factors since August, as well as the marked global turnaround as airlines see passengers returning after the recession.
"While the industry may not be out of the woods yet, a return to growth in the number of domestic travellers on Mango has been evident," he said.
He also said that load factors have jumped between 5% and 10% since August, and December bookings look healthy.
"The trend is positive, with leisure travel showing measurable growth for the first time in 12 months," said Bezuidenhout.
Mango said it is well positioned to expand its network and is posting a profit for the second time this year.
Six million people have flown on the airline since its first flight on November 15 2006.
