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

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