Comair warns of 100% profit drop
The group is in business rescue after being grounded by Covid-19 and needs a substantial cash injection
02 June 2020 - 11:36
Comair, which operates Kulula and British Airways (BA) in SA, warned on Tuesday that profits for the year to end-June will fall by at least 100% as it battles for survival.
The airline operator said in a statement on Tuesday that its business rescue practitioners, Shaun Collyer and Richard Ferguson, say Comair is unlikely to resume business before November as the company is in need of a substantial cash injection...
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