FlySafair turns profit in 2016

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Published Jan 24, 2017


Johannesburg - Low-cost

carrier FlySafair says it made a profit in 2016, the carrier’s second year of


This, it notes

in a statement issued on Tuesday, comes despite a tough trading environment,

with low economic growth and an over-supply of seats on domestic routes.

During 2016, it

added three new aircraft to its operating fleet, bringing it to a total of 9 aircraft. In August, the airline also launched new routes from Lanseria to Cape

Town and George.

“There’s no

doubt that the market is heavily traded at the moment with an excess supply of

seats on domestic routes,” says FlySafair CEO Elmar Conradie. “Fares are

determined by a market and are very much at the mercy of the powers of supply

and demand. If supply grows more than demand, prices will fall.”

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published by Airports Company South Africa (ACSA) indicate that domestic

passenger numbers grew by approximately 6 percent year-on-year in 2016, which

is positive, but was unfortunately outstripped by the supply of seats, which is

said to have grown by as much as 12 percent, it notes.

“Now, more than

ever, it’s essential that carriers focus on keeping their cost per seat as low

as possible,” says Conradie.

“It’s essential

that we drive efficiencies across all aspects of our business to remain


By the end of

2016, the company had flown more than 2.6 million passengers and maintained an

on-time performance record of 95.8 percent.

For 2017, FlySafair

is looking at a year of consolidation. “We’re looking at a few possible

expansion plans, but the aim for this year is to slow the growth a little and

work on making small differences that will improve our cost efficiencies in

order to keep fares as low as possible.”



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