SA Express turns in net profit over full year

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South African regional carrier SA Express has posted a net profit of R250 million ($34.5 million) for the year to 31 March 2010, an increase of 10%.

The airline's chief financial officer, Sikhumbuzo Zulu, says the profit has been achieved despite weaker passenger numbers in the domestic market, attributing the performance to "stringent cost-control measures".

Newly-appointed chief executive Inati Ntshanga says the carrier "plans to continue with its regional expansion strategy", emphasising the success of its route between Johannesburg and Lubumbashi in the Democratic Republic of Congo.

SA Express this year deepened its links with the country with its involvement in new carrier Congo Express, launched in February, in which it holds a 49% share. Congo Express operates between Lubumbashi and Kinshasa.