JOHANNESBURG - The recent liquidation of Comair and other airlines will hurt the Airports Company of South Africa’s bottom line.
CEO Mpumi Mpofu says other airlines will increase their fleet availability.
State run ACSA, which manages nine airports in the country, reported a narrower annual loss of one billion rand in its 2022 results.
An improvement from a 2-point-6 billion rand loss the year before.
It says domestic travel is still 30 percent down on pre-covid levels.
CEO Mpumi Mpofu says the recent airline liquidations will be felt this year.