South Africa's Comair reports 60% increase in 2H profit

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South African carrier Comair has reported unaudited pre-tax profits of R69.2 million ($9.5 million) for the second half of 2010, a near-60% year-on-year improvement.

Revenues for the six-month period ended 31 December rose 24% to R1.76 billion.

The British Airways franchise operator says it grew capacity by 26% in the last half of 2010 through improved fleet utilisation and the introduction of three Boeing 737-800 aircraft.

Comair plans to launch two new African routes in the next six months, while in its home market the carrier says that "an escalating fuel price and further significant increases in airport tariffs remain the greatest challenges to the growth of air travel".