Comair falls 20% after saying it expects to resume flights only in October
The airline says it is not generating revenue during SA’s lockdown and is attempting to cut costs, including through retrenchments
30 April 2020 - 11:53
Comair is talks with lenders about securing a financial lifeline as it battles a severe cash crunch due the Covid-19 pandemic, which it expects to keep its flights grounded until October.
In reaction, the shares in the owner of low-cost airline kulula.com fell as much as 21%, before recouping some of the losses to trade 10.16% lower at R1.15 in afternoon trade...
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