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1Time Holdings revenue up 6% but profit plummets in 1H2010

30-Aug-2010 12:40 PM

1Time Holdings, parent of 1time Airlines, reports the following financial highlights for the six months ended 30-Jun-2010 (Fin24.com/Engineering News, 27-Aug-2010):

  • Revenue: 88.8 million, +5.7% year-on-year;
    • 1time Airline: USD77.4 million, +11%;
  • Operating costs: USD80.8 million, +8.9%;
    • Fuel: +12%;
    • Airport charges: +40%;
  • Profit (loss): USD2.0 million, -71%;
    • Safair Technical: (USD1.1 million), compared with a profit of USD355,860 in p-c-p;
  • Passenger numbers: +4%;
  • Load factor: 82%, +2 ppts.

*Based on the conversion rate at USD1 = ZAR7.30625