Showing posts with label 2011/2012 Financial Year. Show all posts
Showing posts with label 2011/2012 Financial Year. Show all posts
Tuesday, May 21, 2013

■ MOROCCO: Royal Air Maroc set to rebound as operating profits hit $83million in 2012.

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Following a record USD50million (MAD499million) net loss posted in 2011 which necessitated a USD193million capital injection by the Morocc...
Sunday, March 17, 2013

■ EGYPT: Egyptair losses total $880million since 2011 Revolution: al-Maddawy.

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Egypt's Minister of Civil Aviation, Wael al-Maddawy, says Egyptian national carrier, Egyptair (MS), has posted continuous losses of USD...
Monday, November 26, 2012

■ SOUTH AFRICA: Group SAA finally releases its 2011/2012 Financials; records USD163.2million operating loss.

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South African Airways (SA) has at long last, released its financial report for the Financial Year 2011/2012 ending 31 March 2012. In its br...
Thursday, November 8, 2012

■ TUNISIA: Tunisair plans massive layoffs after posting $98m loss for 2011.

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Following its AGM last night in the Tunisian capital, Tunis, Tunisair's boss (TU) has officially outlined controversial plans to restr...
Tuesday, October 16, 2012

■ SOUTH AFRICA: No privatization for SAA despite a confirmed $150million loss: Gigaba.

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Malusi Gigaba, the South African Minister of Public Enterprises, speaking on the occasion of South African Airways (SA) Post-AGM Briefing a...
Wednesday, October 10, 2012

■ SEYCHELLES: Etihad partnership starting to pay off as Air Seychelles quarterly revenues up 23%.

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Air Seychelles (HM) has announced Q3 revenues of USD$13.8 million, up 23% on Q2, as the airline's restructuring programme, initiated in...
Thursday, October 4, 2012

■ TANZANIA: Precision Air posts USD400'000 profit despite tough market conditions.

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Tanzanian private carrier Precision Air (PW) yesterday presented its  Ernst & Young audited report for the Financial Year 2011/2012 t...
Tuesday, October 2, 2012

■ SOUTH AFRICA: SAA gets its USD600million bailout from Government.

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The South African Government today announced that it would guarantee USD$600 million in loans for troubled state airli...
Monday, October 1, 2012

● IATA: Outlook improves slightly for African aviation, but government interference continues to stifle growth.

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The International Air Transport Association (IATA), in a revision of its Global Aviation Outlook for 2012, has said that now it expects A...
Sunday, September 30, 2012

► MADAGASCAR: Air Madagascar to ask for USD9million bailout as part of 18-month plan to return to profitability.

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After the ordinary and extraordinary general meetings of shareholders in the Malagasy capital Antananarivo on Thursday last week, Malagas...
Thursday, September 27, 2012

■ SOUTH AFRICA: Heads to roll at SAA & SA Express as neither are able to present their FY 2011/12 annual reports by September 30.

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Reports coming out of South Africa suggest that South African Airways (SA) is set for a top level shake-up in the near future. The loomin...
Thursday, September 13, 2012

■ SOUTH AFRICA: Airports Company South Africa bounces back with a USD22million profit for FY 2011/2012.

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After a heavy loss of USD26.8million during the 2010/2011 Financial Year , The Airports Company South Africa (ACSA) announced ...
Wednesday, September 12, 2012

► SOUTH AFRICA: Comair Ltd declares no dividend despite rise in revenues.

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South Africa's Comair Ltd, the parent company of British Airways (Comair) (BA) and LCC Kulula (MN) today reported that it ...
Thursday, August 16, 2012

► ALGERIA: Air Algérie to start Nigeria & South Africa flights but axes Beijing.

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Algerian national carrier Air Algérie (AH) has joined the growing list of carriers, both African and international, that are turning their ...
Monday, August 13, 2012

► ETHIOPIA: A weaker Birr helps, but isn't enough as Ethiopian Airlines records 40% drop in profits.

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After having posted "record revenues" in H1 of its 2011/2012 Financial Year , Ethiopian Airlines (ET) came tumbling back down t...
Thursday, June 14, 2012

● IATA: Strong growth for Africa in 2011/2012 but lower profits; The winners & losers so far.

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The International Air Transport Association (IATA), which represents some 240 airlines worldwide and comprising 84% of total air traffi...