Mango to report profit for FY2015

Mango announced (01-Oct-2015) it expects to report a profit for FY2014/15 and will publish its results by the end of Oct-2015. Mango spokesperson Hein Kaiser said revenues increased and costs were "well controlled." The airline added two aircraft, increased frequency on trunk routes and introduced mobile apps across major platforms during the year. Mr Kaiser said, "in an industry where volumes grew by as little as 2% along with severe pressure on margins, Mango is expected to emerge relatively unscathed." [more - original PR]