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Suggestions that airlines are profiteering after the collapse of Comair are misplaced, and the steep hikes in ticket prices are mostly a function of oil price increases, Gidon Novick, the founder of SA’s newest carrier Lift airline, says.

Airline ticket prices have skyrocketed in the wake of the collapse of Comair, which accounted for as much as 40% of Southern Africa’s airline capacity. In recent weeks, a return flight from Johannesburg to Cape Town shot up to an average of between R3,000 and R7,000 — more than double the price of last year. A one-way ticket cost on average between R800 and R1,000 a year ago...

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