South African airline Comair expects H1 loss due to MAX grounding
South African airline Comair said Thursday it expects a half-yearly loss, hit by the grounding of Boeing’s 737 MAX planes, while compensation talks with the US planemaker are underway. Comair said it expects headline earnings per share to fall more than 170% for six months ended Dec. 31, which will result in a loss. It reported half-yearly HEPS of 27.2 cents a year earlier. HEPS strips out certain one-off items and is the main profit measure in South Africa. “No accrual for compensation from Boeing has been raised to date, however, negotiations are underway,” said Comair, which operates flights in southern Africa under a licence from BA.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-14/unaligned/south-african-airline-comair-expects-h1-loss-due-to-max-grounding
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South African airline Comair expects H1 loss due to MAX grounding
South African airline Comair said Thursday it expects a half-yearly loss, hit by the grounding of Boeing’s 737 MAX planes, while compensation talks with the US planemaker are underway. Comair said it expects headline earnings per share to fall more than 170% for six months ended Dec. 31, which will result in a loss. It reported half-yearly HEPS of 27.2 cents a year earlier. HEPS strips out certain one-off items and is the main profit measure in South Africa. “No accrual for compensation from Boeing has been raised to date, however, negotiations are underway,” said Comair, which operates flights in southern Africa under a licence from BA.<br/>
