Company comment
Comair shares haven’t taken flight on SAA judgment
The R1.1bn settlement will make a big difference to Comair’s year-end results, but investors did not appear overwhelmed by the news
08 July 2019 - 18:33
Judging by the Comair share price it seems that not many investors are expecting SA Airways (SAA) to deliver on its R1.1bn court-ordered settlement.
The payment was the outcome of a very long-drawn out competition case dealing with SAA’s travel agent incentive scheme, which the Competition Tribunal eventually ruled was anti-competitive. This ruling opened the way for Comair to institute its own legal action for damages against the national airliner...
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