Minister of Public Enterprises, Lynne Brown, today welcomed Mango airlines' performance over the past financial year where the low-cost airline achieved its sixth profitable year out of seven financial years.
The airline released their financial results this week and achieved its highest net profit of R40.0m before taxation profit of R56.1m (2013: R36.9m). Mango also increased its revenue by 42% as a consequence of capacity growth of 25.62% and an average load factor hike to 82.35% along with tightened yield management.
"Despite the difficult economy and tough competition in the market, Mango's management needs to be applauded for this sterling performance.
"Mango has, over the years, transformed domestic aviation by making air travel more accessible to the average South African; introducing innovative payment methods with a wide distribution strategy that has made it easier for countless travelers to book and pay for flights. In Mango, South Africa has a truly world-class and leading African low cost airline.
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