FlySafair posts profit and promises to focus on keeping air fares down
Low-cost carrier FlySafair has posted a profit for 2016, despite a tough trading environment an oversupply of seats on domestic routes.The company said on Tuesday it would focus on keeping air fares down in 2017. Profit was achieved despite route expansion and the addition of three aircraft to its fleet, said FlySafair CEO Elmar Conradie. The company would focus on consolidation in 2017 amid an expectation of continued competition on SA’s domestic routes. "There’s no doubt that the market is heavily traded at the moment with an excess supply of seats on domestic routes," Conradie said. "Fares are determined by a market and are very much at the mercy of the powers of supply and demand," he said.Statistics published by Airports Company South Africa (Acsa) indicate that domestic passenger numbers rose about 6% year on year in 2016. The company said that while this was positive seat supply rose 12%.FlySafair is a subsidiary of Safair, itself part of Irish holding company ASL Aviation Gr...
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