14-Feb-2020 9:06 AM

Comair expects to report loss for 2H2019

Comair stated (13-Feb-2020) earnings per share and headline earnings per share for 2H2019 are expected to be "more than 170% lower" year-on-year, resulting in a loss and headline loss for the period. The company attributed the expected result to the following:

  • An increase in operational costs pertaining to aircraft lease and maintenance costs, arising from the replacement of five owned Boeing 737-400s with five leased 737-800s;
  • An increase in aircraft line maintenance costs arising from the transition of the fleet from SAA Technical to Lufthansa Technik;
  • Earnings continue to be negatively impacted by cumulative losses incurred as a result of the ongoing Boeing 737 MAX grounding. No accrual for compensation from Boeing has been raised but negotiations are under way. [more - original PR]
This intelligence features in our CAPA MRO Matrix product. Please contact us to register your interest.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More