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SA Express flight plan keeps it on course.

Business Day (South Africa)

| April 09, 2009 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

Byline: JULIUS BAUMANN

SA Express flight plan keeps it on course Aviation and Tourism Editor STATE-owned regional airline South African Express is expected to post an improved profit for the six months to March this year, in stark contrast to its rivals, including South African Airways (SAA) which is expected to post its third full-year loss in the next few months. Other domestic airlines have also struggled in the past year with Comair and 1Time recently reporting lower earnings. In the year to September SA Express posted a net profit of R201m boosted by a 14,3% rise in turnover. It also increased its operating profit margin from a healthy 19% in the last financial …

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