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18-Sep-2018
(C)
Revenue for the year rose to R6.5 billion (R6.1 billion) whilst profit from operations jumped to R670.6 million (R637.8 million). Profit attributable to owners shot up to R324.5 million (R296 million). In addition, headline earnings per share were higher at 69.5 cents per share (67 cents per share).



Dividends

Notice is hereby given that a final gross cash dividend of 17.00000 cents per ordinary share has been approved and declared by the Board which is payable to shareholders for the financial year ended 30 June 2018. The dividend has been declared out of income reserves.



Prospects

While profits for the year were good, we are still not achieving the margins that will allow for the optimum pace of upgrading the fleet. The current weak economy is expected to maintain pressure on consumer spending while the oversupply of seats in the domestic market continues to place downward pressure on pricing across most routes. The ongoing investment in new aircraft remains a key competitive differentiator for Comair, particularly in an environment of higher oil prices and a poor exchange rate. Comair is therefore well placed to operate in these conditions, with strong brands, committed staff, effective equipment, an efficient cost base, strong cash reserves and investment into the diversified, non-airline segment of the business, which is progressing well and will receive ongoing focus.
15-Aug-2018
(Official Notice)
Notice is hereby given that the company?s annual B-BBEE compliance report in terms of section 13G(2) of the Act has been published and is available on the company?s website at http://www.comair.co.za/corporate-responsibility/transformation.
15-Aug-2018
(Official Notice)
The board of directors of the Company advised that Mr Michael Luo and Mr Neng Li, have resigned as non-executive directors of the Company with effect from 31 August 2018.
13-Feb-2018
(C)
Revenue for the interim period increased to R3.3 billion (2016: R3.1 billion).Profit from operations grew to R387.1 million (2016: R363.5 million). Profit for the period attributable to owners for the period was higher at R202.7 million (2016: R198.5 million). In addition, headline earnings per share increased to 43.6 cents per share (2016: 42.8 cents per share).



Cash dividend declaration

Notice is hereby given that a gross interim cash dividend of 5.00000 cents per share (prior period gross interim cash dividend of 7 cents) payable to ordinary shareholders was approved and declared by the board of directors for the six-month period ended 31 December 2017. The dividend was declared out of income reserves.



Company prospects

Given current volatile economic conditions, it is expected that pressure will be maintained on consumer spending and we therefore foresee continued pressure on margins in the airline industry. Comair is however well placed to operate in these conditions, with strong brands, committed staff, effective equipment, an efficient cost base and strong cash reserves. Despite mention in the media of a reduction in the flight schedules of some state-owned airlines, it is not anticipated that there will be any reduction in the total capacity operating in the domestic market.



We anticipate that the Rand/dollar exchange rate and the oil price will remain volatile going forward. The ongoing upgrades to our fleet provide mitigation to the increase in the fuel price while providing incremental revenue per flight and an improved customer experience. The delivery of the next eight Boeing 737-8 Max aircraft remains scheduled for commencement in 2019.



We foresee that the non-airline businesses, namely the travel business, flight training, catering and airport lounges, will continue to increase their contribution towards profits and will receive ongoing focus.



The above outlook has not been reviewed and reported on by Comair?s external auditors and does not constitute an earnings forecast.

29-Nov-2017
(Official Notice)
Shareholders are hereby advised that at the Annual General Meeting of the Company held at 12h00 on 28 November 2017, held at Comair?s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619 (?Annual General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Comair shareholders present or represented by proxy.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
29-Nov-2017
(Official Notice)
Shareholders are hereby advised that at the General Meeting of the company held at 14h00 on 28 November 2017, held at Comair?s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619 (?General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Comair shareholders present or represented by proxy.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
20-Oct-2017
(Official Notice)
Shareholders are advised that the company intends to create a variable voting structure which will be applicable to foreign shareholders in order to enable the company (as a licensed air service operator) to remain in compliance with the legislated Foreign Ownership Restriction in South Africa.



To this extent the company is proposing amendments to its memorandum of incorporation (?MOI?). Shareholders are hereby advised that the JSE has formally approved the circular relating to the amendments to the company?s MOI (?the Circular?) and that the Circular was distributed to shareholders today, 20 October 2017.



Notice of general meeting

Notice is hereby given that a general meeting of Comair shareholders will be held at 14:00 on Tuesday, 28 November 2017, at Comair?s Operation Building, corner Fortress and Whirlwind Roads, Rhodsfield, South Africa (?the General Meeting?), to consider and if deemed fit approve, the resolutions relating to the amendments to the company?s MOI as contained in the notice of General Meeting which forms part of the Circular.



The date on which shareholders must be recorded in the share register of the company for purposes of being entitled to attend and vote at the General Meeting is Friday, 17 November 2017, with the last day to trade being Tuesday, 14 November 2017. The Circular incorporating the notice of General Meeting is also available on the company?s website www.comair.co.za and can be viewed at its offices at 1 Marignane Drive, Bonaero Park South Africa, during office hours.
29-Sep-2017
(Official Notice)
With regard to the audited results for the year ended 30 June 2017, shareholders are advised that the annual financial statements will be distributed to shareholders today, 29 September 2017 and contain no modifications to the audited results which were published on SENS on 12 September 2017.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held on Tuesday, 28 November 2017 at Comair?s Operations Building, Corner Fortress and Whirlwind Roads, Rhodesfield at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 22 September 2017

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Tuesday, 14 November 2017

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 17 November 2017

*Forms of proxy for the annual general meeting to be lodged by 12h00 on* Friday, 24 November 2017

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.



Availability of BEE Certificate

Shareholders are advised that the company?s BEE certificate for the period 2017/2018 is available on the company?s website: www.comair.co.za.
14-Sep-2017
(Official Notice)
Ms Njabulo Bongekile Sithole has been appointed as an independent non-executive director to the Company board of directors.



Ms Phuti Mahanyele an independent non-executive director of the Company has been appointed as a member of the Company?s audit committee.



Both appointments will be effective from 1 October 2017.
12-Sep-2017
(C)
Revenue for the year rose to R6.1 billion (R6.0 billion) whilst profit from operations jumped to R637.8 million (R415.9 million). Profit attributable to owners shot up to R296.0 million (R192.6 million). In addition, headline earnings per share were higher at 67.0 cents per share (36.5 cents per share).



Dividends

Notice is hereby given that a final gross cash dividend of 14.00000 cents per ordinary share has been approved and declared by the board which is payable to shareholders for the financial year ended 30 June 2017.



Company prospects

While profits for the year were good, we are still not achieving the margins that will allow for the optimum pace of upgrading the fleet. The current weak economy is expected to maintain pressure on consumer spending, and we will therefore see continued pressure on margins, particularly in the airline industry, combined with a possible decline in passenger volumes. Comair is however well placed to operate in these conditions, with strong brands, committed staff, effective equipment, an efficient cost base and strong cash reserves. We foresee that the non-airline businesses will continue to grow their contribution towards profits and will receive ongoing focus.



Our sincere appreciation goes to every person within the Comair Group who contributed to our success during the year under review, including our directors, management and employees, and a special thanks to our customers and stakeholders who have chosen to use our services or provide services to us. We also thank all the public-sector departments and agencies that we have worked with for their shared commitment to our objectives.
14-Aug-2017
(Official Notice)
Further to the trading statement released on SENS on 15 June 2017, shareholders are advised that for the year ended 30 June 2017, earnings per share are expected to be between 49% and 68% higher than those reported for the year ending 30 June 2016 (?Comparative Period?), at between 62 and 70 cents per share. Headline earnings per share are expected to be between 85% and 104% higher than those reported for the Comparative Period at between 67 and 75 cents per share.



The expected increases are primarily as a result of a partial recovery of exchange losses incurred in the Comparative Period pertaining to the restatement of the dollar denominated aircraft loan as well as the non-recurring losses on oil hedges incurred in the Comparative Period.



The results for the year ended 30 June 2017 are expected to be released on SENS on or about 12 September 2017.
15-Jun-2017
(Official Notice)
Comair is currently finalising its results for the year ended 30 June 2017. In this regard, shareholders are advised that the company expects earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 30 June 2017 to be at least 20% higher relative to the prior comparative period.



There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of the expected increase in both HEPS and EPS and it is anticipated that Comair will publish a more detailed trading statement in due course.
05-Jun-2017
(Official Notice)
On the recommendation of the Nomination committee, the board of Comair announces the appointment of Mr. Ronald Sibongiseni Ntuli, an independent non-executive director and deputy chairman of Comair, to the Comair Audit committee effective 5 June 2017.



05-Apr-2017
(Official Notice)
For personal reasons, Mr Gavin James Halliday will be resigning as an independent non-executive director of Comair Ltd. (and his associated positions on the Audit Committee and Risk Management Committee), with effect from 5 April 2017.
13-Mar-2017
(Official Notice)
Due to personal priorities and various business commitments, Mr Khutso Ignatius Mampeule will be resigning as an independent non- executive director of Comair Limited (and his associated positions on the Audit Committee, Risk Management Committee, Nomination Committee and Social and Ethics Committee), with effect from 31 March 2017. The Comair Board thanks Mr Mampeule for his valuable contribution to the Board over the past 13 years.





24-Feb-2017
(Official Notice)
Shareholders are referred to the announcement by the South African Minister of Finance on 22 February 2017, that the dividend withholding tax rate has been increased from 15% to 20%, effective for dividends declared with a payment date on or after 22 February 2017.



Further to the announcement released by Comair on the Stock Exchange News Service of the JSE Ltd. on 14 February 2017,which included the unaudited results of the company for the six month period ended 31 December 2016 and a dividend declaration, shareholders are requested to refer to the updated dividend declaration paragraph included below:



Cash Dividend Declaration

Following on the strong cash earnings for 1 July 2016 to 31 December 2016, notice is hereby given that a gross interim cash dividend of 7.00000 cents per share (prior period gross interim cash dividend of 5 cents) payable to ordinary shareholders was approved and declared by the board of directors for the six month period ended 31 December 2016. The dividend was declared out of income reserves.



Dividends will be subject to a local dividend tax rate of 20% or 1.40000 cents per share, resulting in a net dividend of 5.60000 cents per share, unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate in terms of the applicable double tax agreement.



In accordance with the provisions of Strate, the electronic settlement and custody system used by the JSE Ltd., the relevant dates for the dividend are as follows:

*Last day to trade (cum dividend) - Monday, 20 March 2017

*Shares commence trading (ex dividend) - Wednesday, 22 March 2017

*Record date (date shareholders recorded in books) - Friday, 24 March 2017

*Payment date - Monday, 27 March 2017



Share certificates may not be dematerialised or re-materialised between Wednesday 22, March 2017 and Friday, 24 March 2017, both days inclusive.



15-Feb-2017
(Official Notice)
Shareholders are advised that the South Gauteng High Court has handed down judgement in respect of Comair?s case initiated against SAA 14 years ago in respect of its anti-competitive travel agent incentive schemes.



In terms of the judgement, the company was awarded R554 million plus interest at 15.5% thereon, which will be capped at the value of the award, plus costs, amounting to approximately R1.16 billion in total.



As this has been a long and complex matter the company will need time to study the judgement. Shareholders are however advised the judgement is subject to appeal by both parties and shareholders should be conscious of same when trading in the company?s securities.
14-Feb-2017
(C)
Revenue for the interim period increased to R3.1 billion (2015: R3 billion). Profit from operations rose to R363.5 million (2015: R157.1 million). Total comprehensive income for the period attributable to owners of the parent increased to R198.5 million (2015: R83.7 million). Furthermore, headline earnings per share increased to 42.8 cents per share (2015: 13.1 cents per share).



Cash dividend declaration

Following on the strong cash earnings for 1 July 2016 to 31 December 2016, notice is hereby given that a gross interim cash dividend of 7 cents per share (prior period gross interim cash dividend of 5 cents) payable to ordinary shareholders was approved and declared by the board of directors for the six month period ended 31 December 2016. The dividend was declared out of income reserves.



Prospects

The current weak economy is expected to maintain pressure on consumer spending, and we therefore foresee continued pressure on margins in the industry. Comair is, however, well placed to operate in these conditions, with strong brands, committed staff, effective equipment, an efficient cost base and strong cash reserves.



We anticipate that the exchange rate will remain volatile and that the price of oil is on an upward trend. The ongoing upgrades to our fleet provide mitigation to the expected increase in the fuel price, while also providing an improved customer experience. The new fleet, along with improved technology-driven operating processes, will ensure that we maintain a healthy competitive advantage for the benefit of our customers. Our travel business, flight training facility, catering business and airport lounges are opportunities for further growth. The above outlook has not been reviewed and reported on by Comair?s external auditors and does not constitute an earnings forecast.



27-Jan-2017
(Official Notice)
Further to the trading statement released on SENS on 11 January 2017, shareholders are advised that for the six months ended 31 December 2016, earnings per share is expected to be between 125% and 145% higher than that for the six months ended 31 December 2015 (?comparative period?) at between 40 and 44 cents per share and headline earnings per share is expected to be between 213% and 233% higher than that for the comparative period at between 41 and 44 cents (comparative period earnings per share of 18 cents and headline earnings per share of 13.1 cents per share).



As previously disclosed per the trading statement released on SENS on 11 January 2017, the expected increase is primarily due to the strengthening of the Rand against the US Dollar, resulting in the reversal of unrealised translation losses on the dollar denominated aircraft loan amounting to R98 million. Furthermore all loss making open oil hedges had matured by 31 December 2015 and no further hedges were entered into.



The results for the six months ended 31 December 2016 are expected to be released on SENS on or about 14 February 2017.
11-Jan-2017
(Official Notice)
Comair is currently finalising its results for the six months ended 31 December 2016. In this regard, shareholders are advised that the Company expects earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 31 December 2016 to be at least 20% higher relative to the prior comparative period.



The expected increase is primarily due to the strengthening of the Rand against the US Dollar, resulting in the reversal of unrealised translation losses on the dollar denominated aircraft loan amounting to R98 million. Furthermore all loss making open oil hedges had matured by 31 December 2015 and no further hedges were entered into.



There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of the expected increase in both HEPS and EPS and it is anticipated that Comair will publish a more detailed trading statement in due course.
03-Jan-2017
(Official Notice)
The board of directors of the company hereby notifies shareholders that the company has decided to change JSE sponsor to PSG Capital (Pty) Ltd., with immediate effect.



28-Nov-2016
(Official Notice)
Due to personal reasons, Ms. Wrenelle Doreen Stander has resigned as an independent non-executive director of Comair Ltd. (and her associated positions on the Audit Committee, Risk Management Committee, Remuneration Committee and Social and Ethics Committee), with effect from 28 November 2016.

10-Nov-2016
(Official Notice)
At the annual general meeting ("AGM") of the shareholders of Comair held on 10 November 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
30-Sep-2016
(Official Notice)
With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the annual financial statements will be distributed to shareholders today, 30 September 2016 and contain no modifications to the audited results which were published on SENS on 13 September 2016.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held on Thursday 10 November 2016 at Comair?s Operations Building, Corner Fortress and Whirlwind Roads, Rhodesfield at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 23 September 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Tuesday, 1 November 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 4 November 2016

*Forms of proxy for the annual general meeting to be lodged by 12h00 on* Tuesday, 8 November 2016

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
13-Sep-2016
(C)
01-Sep-2016
(Official Notice)
Further to the trading statement released on the Stock Exchange News Service (?SENS?) on 29 August 2016, wherein the company advised that earnings per share (?EPS?) for the year ended 30 June 2016 was expected to be within 20% of EPS reported for the year ended 30 June 2015 (?previous corresponding period?) but that headline earnings per share (?HEPS?) for the year ended 30 June 2016 was expected to be at least 25% (at least 11.9 cents) lower than HEPS of 47.9 cents reported for the previous corresponding period.



Shareholders are now advised that, while the company still expects EPS for the year ended 30 June 2016 to be within 20% of EPS reported for the previous corresponding period, HEPS is expected to be between 21% and 27% (between 10 and 13 cents) lower than HEPS of 47.9 cents reported for the previous corresponding period. The expected decrease in HEPS is primarily due to profit arising on the disposal of retired aircraft and profit on a claim against insured aircraft equipment.



The financial information on which this further trading statement is based has not been reviewed and reported on by Comair?s external auditors.



The company's financial results for the year ended 30 June 2016 are expected to be released on SENS on or about 13 September 2016.





30-Aug-2016
(Official Notice)
Comair is currently finalising its results for the year ended 30 June 2016 which is expected to be released on SENS on or about 13 September 2016. In this regard, shareholders are advised that the Company expects earnings per share to be within 20% of those reported for the year ended 30 June 2015. However the Company expects headline earnings per share (?HEPS?) for the year ended 30 June 2016 to be at least 25% (at least 11.9 cents) lower than HEPS of 47.9 cents reported for the previous corresponding period, being the year ended 30 June 2015. The expected decrease is primarily due to profit arising on the disposal of retired aircraft and profit on a claim against insured aircraft equipment
17-Aug-2016
(Official Notice)
Shareholders are referred to the cautionary announcements published on SENS, the last of which was released on 6 July 2016, and are hereby advised that the company?s negotiations to potentially acquire a company have been terminated for the moment.



Accordingly, shareholders are advised that caution is no longer required to be exercised when dealing in their securities.



06-Jul-2016
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 11 April 2016 and the renewal of cautionary announcement dated 25 May 2016 and are hereby advised that the Company?s negotiations to potentially acquire a company are still ongoing. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company?s securities until a further announcement is made.
25-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 11 April 2016, and are hereby advised that the company?s negotiations to potentially acquire a company are still ongoing.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a further announcement is made.



17-May-2016
(Official Notice)
Shareholders are referred to the announcements released on the Stock Exchange News Service on Tuesday, 10 May 2016, Thursday, 12 May 2016 and Monday, 16 May 2016 (?initial announcements?) and are advised that the company?s application for an interdict, which was not opposed by the Air Services Licensing Council (?ASLC?), was granted today, Tuesday, 17 May 2016 (?interdict?).



As disclosed in the initial announcements, Comair will take its dispute with the ASLC regarding the company?s alleged non-compliance with foreign shareholding requirements of the Air Services Licensing Act on review, as Comair remains confident that it is compliant with the Act (?review application?).



The terms of the interdict will remain in place until the finalisation of the review application, with the effect that the company?s domestic air services license cannot be suspended pending the finalisation of the review application.



Shareholders will be kept advised of any further developments.
16-May-2016
(Official Notice)
Shareholders are referred to the announcements released on the Stock Exchange News Service on Tuesday, 10 May 2016 and on Thursday, 12 May 2016 (?initial announcements?) and are advised that the Air Services Licensing Council will not be opposing Comair?s application for the interdict set down for hearing on Tuesday, 17 of May 2016. As disclosed in the initial announcements, Comair will take its dispute with the ASLC regarding the Company?s alleged non-compliance with foreign shareholding requirements of the Air Services Licensing Act on review, as Comair remains confident that it is compliant with the Act. Shareholders will be kept advised of any further developments.
12-May-2016
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service on Tuesday, 10 May 2016 (?initial announcement?) and are advised that Comair has obtained an interim interdict against the Air Services Licensing Council (ASLC).



The terms of the interdict prevent the ASLC from suspending the company?s domestic license at any time prior to the interdict hearing, which is provisionally set down for Tuesday 17 May 2016.



As disclosed in the initial announcement Comair will take its dispute with the ASLC regarding the company?s alleged non-compliance with foreign shareholding requirements of the Air Services Licensing Act on review, as Comair remains confident that it is compliant with the Act.



Shareholders will be kept advised of any further developments.
10-May-2016
(Official Notice)
11-Apr-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations to potentially acquire a business, which if successfully concluded may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.
16-Feb-2016
(C)
Revenue for the interim period decreased to R3.0 billion ( 2014: R3.1 billion). Profit from operations declined to R157.1 million (2014: R242.7 million). Total comprehensive income for the period attributable to owners of the parent plummeted to R83.7 million (2014: R163,6 million). Furthermore, headline earnings per share decreased to 13.1 cents per share (2014: 37.6 cents per share).



Cash dividend declaration

Following on the strong cash earnings of the first six months, namely the period 1 July 2015 to 31 December 2015, notice is hereby given that a gross interim cash dividend of 5 cents per share (prior year gross interim cash dividend of 5 cents) was declared payable to ordinary shareholders. The dividend was declared out of income reserves.



Prospects

The current weak economy is expected to maintain pressure on consumer spending, and we therefore expect to see continued pressure on margins in the industry despite the recent growth in passenger volumes. Comair is, however, well placed to operate in these conditions, with strong brands, committed staff, effective equipment, an efficient cost base and strong cash reserves.



The company anticipates that both the oil price and the exchange rate will remain volatile. The forward price of oil reflects an expected increase, but this also makes it imprudent to take out any further hedges at these forward rates, despite the low spot price. With the expiry of the historic fuel hedges we will not see further losses of this nature in the second half of the financial year. Further revaluation of the dollar denominated loan will depend on the exchange rate at financial year end.



The ongoing upgrades to the company's fleet provide mitigation to the expected recovery in the fuel price, while also providing an improved customer proposition. The 7th new Boeing 737-800NG aircraft arrives in February 2016, and the last new aircraft from this consignment arrives in November 2016, both for operation by the British Airways brand. The new fleet, along with improved, technology- driven operating processes, will ensure that we maintain a healthy lead for the benefit of our customers. Our travel business, flight training facility, catering business and airport lounges also show opportunities for further growth.



The above outlook has not been reviewed and reported on by Comair?s external auditors and does not constitute an earnings forecast.



29-Jan-2016
(Official Notice)
Further to the trading statement released on SENS on 14 January 2016, shareholders are advised that for the six months ended 31 December 2015, earnings per share are expected to be between 40% and 60% lower than that for the six months ended 31 December 2014 (?comparative period?) at between 15 and 23 cents and headline earnings per share are expected to be between 50% and 70% lower than that for the comparative period at between 11 and 19 cents (comparative period earnings and headline earnings per share of 37.6 cents per share).



Profits were negatively affected by a translation loss of R91 million (pre-tax) on a dollar denominated long-term loan that was revalued on 31 December 2015 at the exchange rate of R15.47 to the dollar, and by losses of R71 million (pre-tax) on oil hedges, the last of which expired on 31 December 2015.



The results for the six months ended 31 December 2015 are expected to be released on SENS on or about 16 February 2016.
14-Jan-2016
(Official Notice)
Comair is currently finalising its results for the six months ended 31 December 2015. In this regard, shareholders are advised that the company expects earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 31 December 2015 to be at least 50% (at least 18.8 cents) lower than EPS and HEPS of 37.6 cents reported for the previous corresponding period, being the six months ended 31 December 2014. The expected decrease is primarily due to a decline in average market fares with a consequent reversal in revenue growth versus that experienced in the first half of financial year 2015 and the revaluation of a dollar denominated liability as at 31 December 2015.



There is currently insufficient certainty to enable the group to provide specific guidance on the extent of the expected decrease in both HEPS end EPS and it is anticipated that Comair will publish a further trading statement closer to the release of its interim financial results on the Stock Exchange News Service, on or about 29 January 2016.



The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company?s auditors.





04-Dec-2015
(Official Notice)
At the annual general meeting (?AGM?) of the shareholders of Comair held on 3 December 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
02-Nov-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Dr Piet Welgemoed, an independent non-executive director of the Company and Chairman of the Company?s Audit Committee (?Committee?), has resigned as Chairman of the Committee with effect from 2 November 2015. Dr Piet Welgemoed, notwithstanding his resignation as Chairman of the Committee, will remain a member of the Board of Directors and will continue to serve as a member of the Committee.



Mr. Naran Maharajah, a chartered accountant, who was appointed as an independent non-executive director of the Company on 1 August 2015, will assume the role of Chairman and member of the Committee with effect from 2 November 2015.
30-Oct-2015
(Official Notice)
Further to the Reviewed Condensed Consolidated Provisional Financial Results for the Year Ended 30 June 2015 (?the reviewed results?) released on the Stock Exchange News Service of the JSE Ltd. (?SENS?) on 14 September 2015, shareholders are advised that the Annual Report has been distributed to shareholders on 30 October 2015. In addition, the full Annual Financial Statements, Integrated Report and Notice of AGM are available on the Group website at www.comair.co.za.



Since the publication of the aforementioned reviewed results, the following

changes have been made to the audited financial statements for the year ending

30 June 2015:



The Group under-claimed on wear and tear allowances amounting to R56,950,564 (taxation effect: R15,946,158). The reviewed results as released on SENS on 14 September 2015 have therefore been restated as follows: In the Statements of Financial Position as at 30 June 2015, normal taxation receivable and the deferred taxation liability have both increased by R15,946,158 to R37,678,380 and R217,316,298 as at 30 June 2015, respectively. In the Statements of Profit and Loss for the year ending 30 June 2015, local income taxation has decreased by R15,946,158 to R35,001,260 and deferred taxation has increased by R15,946,158 to R48,091,124. The effect on profit for the year ending 30 June 2015 is nil.
30-Oct-2015
(Official Notice)
Shareholders are advised that the annual financial statements of Comair will be distributed to shareholders on 30 October 2015.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held at Comair?s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619 on 3 December 2015 at 13h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Company?s annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on 23 October 2015 being the notice record date set by the Board of the Company determining which shareholders are entitled to receive notice of the annual general meeting. The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 27 November 2015 being the voting record date set by the Board of the Company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday 20 November 2015. Proxy forms must be lodged by no later than 13h00 on Tuesday, 1 December 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
20-Oct-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Due to his expanding work commitments in the Western Cape, Mr. Hubert Brody has resigned as an independent non-executive director of Comair (and his associated positions on the Audit Committee and Risk Management Committee), with effect from 20 October 2015. The Comair Board thanks Mr Brody for his valuable contribution over the past 2 years.
14-Sep-2015
(C)
Revenue for the year lowered slightly to R5.891 billion (2014: R5.903 billion). Profit from operations decreased to R327.1 million (2014: R416.8 million), profit for the year dropped to R218.8 million (2014: R264.9 million), while headline earnings per share weakened to 47.9 cents per share (2014: 57.8 cents per share).



Dividend

Notice is hereby given that a final gross cash dividend of 10.00000 cents per ordinary share has been declared payable to shareholders. The dividend has been declared out of income reserves.



Prospects

Comnair remain concerned with the weak economic growth and the consequent impact of overcapacity in the domestic aviation market. Fundamentals dictate that a correction in market capacity is very likely. On the other hand the new visa regulations applicable to South Africans travelling with children, as well as to foreign tourists, have impacted negatively on Comair's cross-border tourist destinations, and the company is actively participating in achieving a more favourable dispensation in this regard. The weakness of the Rand continues to impact negatively on all Dollar based operating costs.



In August 2015 Comair took delivery of the first of the next four new 737-800s from Boeing, the remaining three of which will be delivered in late 2015 and 2016. The delivery of the eight Boeing 737-8 MAX aircraft remains scheduled for 2019 to 2021. The ongoing upgrades to the fleet will continue to improve operating efficiency while at the same time enhancing the revenue potential per flight.



The company is also focused on implementing technology solutions to enhance customer satisfaction, operating performance and drive revenue generating opportunities. The pace of development in distribution technology is relentless. Comair is intent on realising the maximum benefit from its customer insight in order to improve on its overall proposition, and the marketing of relevant products to its customer segments. Comair is also developing new applications to enhance both the ground and air experience that will facilitate more efficient operating procedures.
31-Aug-2015
(Official Notice)
A review of the financial results for the year ended 30 June 2015 by management, has indicated that the earnings per share and headline earnings per share are expected to be between 12% and 26% lower than the corresponding period at between 43 and 51 cents per share (prior corresponding reporting period earnings per share of 58.4 cents per share and headline earnings per share 57.8 cents per share). The results for the year ended 30 June 2015 are expected to be released on SENS on 14 September 2015.
29-Jul-2015
(Official Notice)
On the recommendation of the Nomination Committee, the board of Comair announced the appointment of the following directors to its Board, with effect from 1 August 2015:

* Mr. Luo Cheng: Non-Executive Director;

* Mr. Li Neng: Non-Executive Director;

* Mr. Naran Maharajh: Independent Non-Executive Director;

* Ms. Phuti Mahanyele: Independent Non-Executive Director.

22-Apr-2015
(Official Notice)
Shareholders are advised in this voluntary announcement of the details relating to the compulsory conversion of the company?s ?A? shares in issue into ordinary shares to be listed on the JSE Ltd. (?JSE?), pursuant to the maturity of Comair?s 2006 Broad Based Black Economic Empowerment (?BEE?) transaction.



In 2006, the company entered into a BEE transaction pursuant to which ?A? shares equivalent to 15% of the company?s issued capital at the time were issued to Thelo Consortium (Pty) Ltd. (?Thelo?). This was detailed in a circular to shareholders dated 23 August 2006 (?Circular?) and approved by shareholders in September 2006 by way of a special resolution.



The BEE transaction involved the issue of 74,117,647 ?A? shares at a par value of 1c each. The BEE transaction commenced in 2006 and had a final date in 2014. On or after the final date, the company had a call option to reacquire a certain number of ?A? shares based on certain hurdle balances that had to be met by Thelo and determined in accordance with the formula as set out in the Circular mentioned above. The company exercised its call option, leaving Thelo with 29,067,766 ?A? shares which Thelo were entitled to convert to ordinary shares on a one to one basis and have such shares listed on the JSE. Thelo had requested the company to convert the ?A? shares to ordinary shares and have them listed, which conversion and listing of the shares was approved by the JSE. Ordinary shares amounting to 29,067,766 were issued to Thelo on 21 April 2015, resulting in the issued share capital of the company increasing from 440,263,099 ordinary shares to 469,330,865 ordinary shares.
17-Feb-2015
(C)
Revenue rose to R3.1 billion (R3.0 billion) and profit from operations shot up to R242.7 million (R233.1 million). Total comprehensive income for the period attributable to ordinary shareholders of the parent plummeted to R84.0 million (R153.4 million). Furthermore, headline earnings per share increased to 37.6cps (34.3cps).



Dividend Declaration

Following on the strong performance of the first six months, notice is hereby given that a gross interim cash dividend of 5.00000 cents per share (prior year cash dividend of 5 cents) was declared payable to ordinary shareholders and "A" shareholders (unlisted shares).



Prospects

The domestic passenger market remains below the 2008 peak volume and we do not anticipate any near-term recovery in local consumer spending. While the decline in the oil price has provided welcome relief, we are of the view that it will increase in the second half of the year. The current swap price in the market for the 12 months ahead is averaging USD65 to USD75 per barrel, indicating market expectations of a recovery in the price of oil. The impact of the lower fuel price is anticipated to equal approximately 3% of total cost for the full financial year and we are seeing related downward pressure on ticket prices.



Comair hedged 26% of its fuel consumption for the second half at an average price of USD82 per barrel. The mark-to-market valuation was taken to the Cash Flow Hedge Reserve and will be released against the underlying cost as the hedges mature. The ongoing upgrades to our fleet remain the best solution to the expected recovery in the fuel price, while also providing an improved customer proposition, and, along with improved technology-driven operating processes, will ensure that we maintain a healthy lead over our competitors. Our travel business, flight training facility, catering business and airport lounges also show opportunities for further growth.
06-Nov-2014
(Official Notice)
At the annual general meeting ("AGM") of the shareholders of Comair held on 5 November 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
30-Sep-2014
(Official Notice)
With regard to the audited results for the year ended 30 June 2014, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2014 and contain no modifications to the audited results which were published on SENS on 9 September 2014.



Notice is hereby given that the annual general meeting of Comair shareholders will be held at Comair's Operations Building, corner Fortress and Whirlwind Streets, Rhodesfield, Kempton Park on Wednesday, 5 November 2014, at 13h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



The notice of the Company's annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on Friday, 19 September 2014, being the notice record date set by the Board of the Company determining which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 31 October 2014, being the voting record date set by the Board of the Company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 24 October 2014. Proxy forms must be lodged by no later than 13h00 on Monday, 3 November 2014. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

09-Sep-2014
(C)
Revenue for the period grew to R6.3 billion (R5.4 billion). Profit before interest, dividend and taxation jumped to R416.8 million (R373.8 million). Total comprehensive income for the year attributable to the equity holders of the parent rose to R264.9 million (R227.5 million). In addition, headline earnings per share increased to 57.8 cents per share (47.9 cents per share).



Annual General Meeting

The Annual General Meeting of shareholders of Comair will be held at the Comair operations building, on the corner of Whirlwind and Fortress Streets, Rhodesfield, 1619 on 5 November 2014 at 13h00.



Dividend

Notice was given that a final gross cash dividend of 13.00000 cents per ordinary share has been declared payable to shareholders. The dividend has been declared out of income reserves.



Prospects

Comair's remain concerned with the sluggish economy, declining domestic passenger market and the high operating costs faced by the aviation industry. The total market size remains below the peak volume of 2008 and does not currently show signs of returning to historic levels.



Nevertheless, looking further ahead, we remain confident that there is scope for further growth in the profits of the Group. The ongoing upgrades to the fleet will continue to improve operating efficiency while at the same time enhancing the revenue potential per flight. Comair is scheduled to take delivery of the next four new 737-800's from Boeing in late 2015 and 2016. During the year Comair placed the first African order for the next generation of Boeing 737, the 737-8 Max. Eight of these aircraft will be delivered to Comair from 2019 to 2021. Comair is also focused on implementing technology solutions to enhance our operating performance, customer service experience and revenue generating opportunities. The pace of development in distribution technology is relentless, and Comair is intent on extracting the maximum benefit from its customer information data in order to improve on its service offering, and on the marketing of relevant products to its various customer segments.



Comair is also developing new software applications for use on board the aircraft and on the ground to facilitate more efficient operating procedures.
27-Aug-2014
(Official Notice)
A review by management of the financial results for the year ended 30 June 2014, has indicated that earnings per share and headline earnings per share are likely to be between 20% and 25% higher than those for the previous corresponding period.



The results for the year ended 30 June 2014 are expected to be released on or about 9 September 2014.
10-Jun-2014
(Official Notice)
On the recommendation of the Nominations Committee, the board of Comair announced the appointment of Kirsten King as Financial Director for the group, effective 9 June 2014, following on the emigration of Yasas Sri-Chandana (the Company?s former Financial Director), to Australia in January 2014.



In addition to the foregoing and on recommendation of the Nominations Committee, Comair also announces the following changes to important functions performed by its directors, namely that:

* Hubert Rene Brody, an independent non-executive director, was appointed by the board to sit on both Comair's Audit and Risk Committees effective 9 June 2014.

* Ms Wrenelle Doreen Stander, an independent non-executive director, was appointed by the board of Comair to sit on the Company's Social and Ethics Committee effective 9 June 2014.
12-Feb-2014
(Media Comment)
Business Day highlighted that Comair produced a pleasant surprise for investors, over and above its surge in earnings, when it declared its first interim dividend of 5c a share for the six months ended December. The news was cheered by the markets with the shares jumping 11% to R4 in immediate trade after the release of the airline's results on 11 February 2014.Comair CEO Erik Venter said the board thought it would have been stingy not to give a dividend after such a good year. Mr Venter added that despite a rising fuel price, he remained optimistic about the future, and indicated that in the medium to long term the airline was comfortably positioned.
11-Feb-2014
(C)
29-Jan-2014
(Official Notice)
A review of the financial results for the six months ended 31 December 2013 by management, has indicated that the earnings per share and headline earnings per share are expected to be between 32 and 35 cents per share (prior corresponding reporting period earnings per share and headline earnings per share of 16.4 cents per share). The results for the six months ended 31 December 2013 are expected to be released on SENS on or about 11 February 2014.
09-Dec-2013
(Official Notice)
03-Dec-2013
(Official Notice)
With effect from 15 January 2014 Mr Yasas Sri-Chandana will be resigning as Finance Director of Comair, as he will be relocating to Australia. Mr Sri-Chandana joined Comair in February 2009 as Executive Manager Finance and was appointed as Finance Director in September 2009. Erik Venter, current CEO of Comair will act as Finance Director until such time as Comair make an appointment of a new permanent Finance Director. The board announce that Mr Hubert Rene Brody, outgoing CEO of Imperial Holdings, has agreed to join the board of Comair as an independent non-executive director with effect from 1 January 2014.
13-Nov-2013
(Official Notice)
Due to the growing demands of his private business interests, Mr Atul Gupta has resigned as an independent non-executive director of Comair, with effect from 12 November 2013. Mr Gupta has been a director since June 2009.
07-Nov-2013
(Official Notice)
Comair wishes to rectify certain statements which appeared in the article on page 1 of the Business Day today, 6 November 2013. The directors? dealings announcements released on SENS yesterday, 5 November 2013 incorrectly stated that two of its non-executive directors, Messrs Atul Gupta and Ronald Ntuli, purchased shares in Comair as opposed to disposing of them, which error was corrected in a subsequent SENS announcement. The aforementioned article erroneously referred to the fact that RMB was responsible for the error and Comair wishes to confirm that the Company does not blame RMB for the error, who acted on instruction and issued information provided by Comair. The Company further wishes to clarify that it is not currently aware of any intention by Mr Gupta to step down from the board.
06-Nov-2013
(Official Notice)
Comair wishes to rectify certain statements which appeared in the article on page 9 of the Business Day today, 6 November 2013. The directors' dealings announcements released on SENS yesterday, 5 November 2013 incorrectly stated that two of its non-executive directors, Messrs Atul Gupta and Ronald Ntuli, purchased shares in Comair as opposed to disposing of them, which error was corrected in a subsequent SENS announcement. The aforementioned article erroneously referred to the fact that RMB was responsible for the error and Comair wishes to confirm that the Company does not blame RMB for the error, who acted on instruction and issued information provided by Comair. The Company further wishes to clarify that it is not currently aware of any intention by Mr Gupta to step down from the board.
06-Nov-2013
(Official Notice)
30-Oct-2013
(Official Notice)
At the 16th annual general meeting of the shareholders of Comair held on 30 October 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
30-Sep-2013
(Official Notice)
With regard to the audited results for the year ended 30 June 2013, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2013 and contain no modifications to the audited results which were published on SENS on 10 September 2013.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held at the SLOW in the City Lounge (Radisson Blu Gautrain Hotel), corner Rivonia and West Streets, Sandton, on 30 October 2013 at 13h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Company's annual general meeting has been sent to its shareholders who were recorded as such in the Company's securities register on 20 September 2013 being the notice record date set by the Board of the Company determining which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 25 October 2013 being the voting record date set by the Board of the Company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 18 October, 2013. Proxy forms must be lodged by no later than 48 hours (excluding Saturdays, Sundays and public holidays) prior to the time appointed for the annual general meeting. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
10-Sep-2013
(C)
30-Aug-2013
(Official Notice)
A review by management of the financial results for the year ended 30 June 2013, has indicated that earnings per share are likely to be between 42.3 cents and 51.7 cents per share whilst headline earnings per share are expected to be between 43.1 cents and 52.7 cents. In the prior period earnings per share and headline earnings per share were 1.6 cents and 3.8 cents respectively. The results for the year ended 30 June 2013 are expected to be released on SENS by 10 September 2013.
06-Jun-2013
(Media Comment)
Despite tough times in the airline industry both locally and internationally, things are looking up for Comair. The Financial Mail wrote that Comair will benefit from the purchase of eight new Boeing 737-800s, which will give the airline a fuel saving of 6.00% per flight and more than 14.00% more passenger seats. While the new planes will cost about USD45 million each, CEO Eric Venter says they "will add around R40 million per year per aircraft to operating profit." Comair also benefits from the touch barriers to entry in the aviation industry and the failure of competitors 1time and Velvet Sky.
06-Jun-2013
(Official Notice)
Based on a review of Comair's results for the first nine months of the year to June 2013 ("reporting period"), shareholders are advised that the company's headline earnings and earnings per share are expected to be more than 20% higher than the corresponding reporting period of the previous year. This is largely attributable to improved cost recoveries through new revenue management and operating systems as well as efficiencies arising from the new aircraft purchased in the first six months of the financial year. Industry capacity has also been more closely aligned to market demand. Comair cannot at this stage with reasonable certainty quantify the extent of its results for the reporting period within the 20% range required by the JSE Listings Requirements.



A further trading statement for the reporting period will be issued once the company has reasonable certainty with regard to its results for the reporting period. The company's results are expected to be released on SENS before the end of September 2013.
27-Feb-2013
(Official Notice)
Comair released its unaudited interim results and interim cash dividend declaration for the six months ended 31 December 2012 on SENS on 12 February 2013. In terms of the interim cash dividend declaration, Comair's company tax reference was incorrectly quoted as being 9281/874/1/0, whereas the correct income tax reference number is 9281/8747/10.
12-Feb-2013
(C)
Revenue for the interim period ended 31 December 2012 rose to R2.4 billion (2011: R2.1 billion). Operating profit before depreciation however rose to R234.4 million (2011: R55.6 million), while a profit after tax attributable to the equity holders of the parent was recorded at R79.1 million (2011: loss of R33.8 million). Furthermore, headline earnings per share was 16.4cps (2011: loss of 4.9cps).



Dividend

Notice is hereby given that a gross interim cash dividend of 5cps has been declared payable to shareholders. The dividend has been declared out of income reserves.



Prospects

The total domestic passenger market has shown year-on-year shrinkage since February 2012, with the half year volumes for the market 6% lower than for the comparative period. The continued devaluation of the Rand has driven the Rand price of fuel and dollar-based technical services to record levels, and therefore we do not foresee early growth in market volumes as ticket prices will remain at the levels necessary to recover such escalating costs. We also do not anticipate any near-term recovery in global or local consumer spending. However, our new enterprise-wide IT platform and the new fleet, which were only in operation for a portion of the reporting period, offer further opportunities for improved revenue and operating efficiency that will be fully optimised over the next few years.



Flights from Johannesburg (ORTIA) to East London on the kulula brand will commence on 1 March 2013, and flights from Johannesburg to Maputo on the British Airways brand from May 2013. There are also good growth opportunities for our travel business, flight training facility, catering business and airport lounges. We are therefore cautiously optimistic for further improvements to profitability and cash generation in the second half of the 2013 financial year. The above outlook has not been reviewed and reported on by Comairs external auditors and does not constitute an earnings forecast.







04-Feb-2013
(Official Notice)
Comair is currently finalising its results for the six months ended 31 December 2012, which are expected to be released on SENS by 12 February 2013. In this regard, Comair shareholders were advised that the company's earnings per share and headline earnings per share are expected to be 16.4 cents per share. In the previous period Comair incurred a loss per share of 7.1 cents and a headline loss per share of 4.9 cents.
27-Nov-2012
(Official Notice)
Mr. Alan Kerr Buchanan has resigned as non-executive director of Comair Ltd with effect from 27 November 2012. Mr. Buchanan, a director appointed by British Airways Plc, will be leaving British Airways Plc to pursue other interests. Mr. Buchanan has been a director since 2004.
01-Nov-2012
(Official Notice)
At the annual general meeting of the shareholders of Comair held today, 1 November 2012, all the ordinary and special resolutions proposed at the meeting were passed, other than ordinary resolutions number 5 and 6 relating to the general authority to place shares under the control of the directors and the general authority to issue shares for cash respectively, which resolutions were withdrawn prior to the meeting to enhance corporate governance and to permit shareholders to specifically approve such resolutions at a general meeting should the need arise. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
15-Oct-2012
(Official Notice)
Mr Derek Henry Borer, the company secretary (and alternate director to Mr M N Louw) has been appointed to the board of Comair as an alternate director to Mr R C Sacks with effect from 17 October 2012.
28-Sep-2012
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders on Friday, 28 September 2012 and contain no modifications to the audited results which were published on SENS on Tuesday, 11 September 2012.



Change in annual general meeting venue

Shareholders are advised that the venue for the annual general meeting has changed from the Comair Operations Building in Rhodesfield to the Slow in the City Lounge in Sandton.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held at 12h00 on 1 November 2012 at Slow in the City Lounge (Radisson Blu, Gautrain Hotel), corner Rivonia and West Streets [opposite the Gautrain Station], Sandton, to transact the business as stated in the annual general meeting notice, forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 21 September 2012 being the notice record date set by the Board of the company determining which shareholders are entitled to receive notice of the annual general meeting.
11-Sep-2012
(C)
Revenue for the year ended 30 June 2012 jumped to R4.2 billion (2011: R3.6 billion). Operating profit before depreciation fell to R188.8 million (2011: R276.6 million), while profit after tax attributable to the equity holders of the parent plunged to R7.7 million (2011: R77 million). Furthermore, headline earnings per share dropped to 3.8cps (2011: 15.9cps).



Dividends

Due to the uncertain economic outlook, the directors have resolved not to declare a cash dividend.



Looking ahead

The past year has been one of inward focus and addressing the fundamentals in order to ensure sustainability in an environment of higher operating costs. The coming year will continue to target these issues, with the delivery of the new aircraft and ongoing implementation of Sabre systems functionality, and related process changes. As much as these efforts address internal efficiencies, they will also provide a better customer proposition, reduced environmental impact and a strong platform for future growth.

03-Sep-2012
(Official Notice)
A review by management of the financial results for the year ended 30 June 2012, has indicated that earnings per share are likely to be between 1.2 cents and 1.8 cents per share whilst headline earnings per share are expected to be between 3.0 cents and 4.1 cents. Although the results are lower than the prior year, the results represent a significant turnaround in performance from the losses incurred in the first half of the financial year. The results for the year ended 30 June 2012 are expected to be released on SENS by 11 September 2012.
14-Feb-2012
(C)
Revenue for the interim period ended 31 December 2011 rose to R2.1 billion (2010: R1.8 billion). Operating profit before depreciation however plummeted to R44.9 million (2010: R149.1 million), while a loss after tax attributable to the equity holders of the parent was recorded at R34.2 million (2010: profit of R48.4 million). Furthermore, headline loss per share was 4.9cps (2010: earnings of 10.3cps).



Dividends

No interim dividends have been declared as it is the Group policy to consider one dividend annually.



Prospects

Comair remain of the opinion that the high oil price and a weak global economy will prevail for the foreseeable future. Airlines that do not substantially reinvent themselves will not survive in this new environment, as demonstrated by the failure of a number of airlines globally in the first weeks of 2012. Comair has embarked on a cost reduction programme, but this is not a sustainable solution to mitigate escalating costs. Comair therefore contracted a year ago for an extensive and integrated suite of systems from Sabre Airline Solutions, which will enable the reengineering of the entire Comair business to deliver substantially improved customer service, revenue and operating efficiency. The benefits of the new systems will only be seen in the results for the 2013 financial year. In the interim the company has embarked on many other projects, such as setting up their own catering unit that will reduce catering cost by 25%, establishing a crew base in Cape Town to reduce crew accommodation costs by 80% and by optimising the flight schedules. Comair is confident that these short- and medium-term measures will significantly improve their financial performance in a consistently tough trading environment.
14-Feb-2012
(Official Notice)
Mr. Pieter Van Hoven, an independent non-executive director on the Comair board, has been appointed as chairman of the Comair board with effect from 13 February 2012.
06-Feb-2012
(Official Notice)
A review of the financial results for the six months ended 31 December 2011 by management, has indicated that the loss per share and headline loss per share are expected to be between 6.5 and 7.5 cents per share and between 4.5 and 5.4 cents per share respectively (prior corresponding reporting period earnings per share and headline earnings per share of 10.3 cents per share). The results for the six months ended 31 December 2011 are expected to be released on SENS on or about 14 February 2012.
01-Feb-2012
(Official Notice)
After having served as chairman of the Comair board for over thirty three years and the company as a whole for fifty years, Mr Donald Novick has decided to retire and is therefore resigning as non-executive director from the board of Comair with effect from 31 January 2012. Mr Martin Moritz, the joint deputy chairperson of Comair, will informally assume the role of chairperson until a new chairperson is elected at the Comair board meeting to be held on Monday, 13 February 2012.
05-Dec-2011
(Official Notice)
Based on a review of Comair's results for the first four months of the half year to December 2011 ("reporting period") and current trends, it is expected that the company's headline earnings and earnings per share will show a loss for the reporting period due primarily to significant cost increases including a 70% increase in the fees of Airports Company South Africa, high oil prices and a weakening rand. As a result of the foregoing, Comair is required to issue a trading statement. Comair cannot at this stage with reasonable certainty quantify the extent of its results for the reporting period within the 20% range required by the JSE. Comair's balance sheet, however, remains strong and it is well positioned to take advantage of any opportunities that present themselves in the future. A further trading statement for the reporting period will be issued once the company has more certainty with regard to its results.
01-Dec-2011
(Official Notice)
With effect from 1 December 2011, Erik Venter will assume the role of CEO of Comair. For the past five and a half years both Erik and Gidon Novick have served as joint CEO's of the company. Gidon has, as of 1 December 2011, resigned from Comair to pursue entrepreneurial business ventures but will remain available to the company in a consulting role for the foreseeable future. He has resigned as a director of the Comair board, effective 1 December 2011. The developments have arisen following a decision by the board of directors that the Comair team will be best served by a single and focused leadership.
09-Nov-2011
(Official Notice)
At the annual general meeting ("the meeting") of the shareholders of Comair held on 9 November 2011, all the resolutions were passed other than resolutions No. 6 and 7 relating to the general authority to place shares under the control of the directors and the general authority to issue shares for cash respectively, which resolutions were withdrawn prior to the meeting to enhance corporate governance and to permit shareholders to specifically approve such resolutions at a general meeting should the need arise.
29-Sep-2011
(Official Notice)
With regard to the audited results for the year ended 30 June 2011, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 September 2011 and contain no modifications to the audited results which were published on SENS on 13 September 2011.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Comair shareholders will be held at the SLOW in the City Lounge facility in the Gautrain Hotel Building (Radisson Blu Hotel), corner Rivonia and West Streets (opposite Gautrain station) Sandton, 2196, on Wednesday, 9 November 2011 at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on 23 September 2011 being the notice record date set by the board of the company determining which shareholders are entitled to receive notice of the annual general meeting. The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is 4 November 2011 being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be 28 October 2011. Proxy forms must be lodged by no later than 48 hours before the time appointed for the meeting. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

13-Sep-2011
(C)
Revenue increased to R3.6 billion (R3 billion). Operating profit before depreciation declined to R276.6 million (R286.5 million). Net attributable profit decreased to R77 million (R89.7 million). In addition, headline earnings per share fell to 15.9cps (22.0cps).



Outlook

The outlook for the next year is one of caution. Comair is anticipating a flat travel market due to a weak economy and ongoing financial pressure on consumers. A stubbornly high oil price and unaffordable airport fees will be, unavoidably, passed on in the form of higher ticket prices, putting further pressure on the consumer. Comair has adjusted capacity on certain routes in anticipation of this. The group will further strengthen its competitive position by reducing costs and improving productivity, whilst maintaining our unwavering focus on customer service.
02-Sep-2011
(Official Notice)
Accordingly, a review of the financial results for the year ended 30 June 2011 by management, has indicated that earnings per share and headline earnings per share are expected to be approximately 15.9 cents per share. This represents a decrease of approximately 28% in earnings per share and headline earnings per share compared to the previous financial year. The results for the year ended 30 June 2011 are expected to be released on SENS by 14 September 2011.
07-Jun-2011
(Official Notice)
Jacob Meyer Khan, an independent non-executive director on the Comair board, has been appointed as the lead independent director of the Comair board, effective 6 June 2011.
11-Apr-2011
(Official Notice)
Mr Gavin James Halliday will be appointed as a non-executive director to the Comair board with effect from 1 May 2011.
15-Feb-2011
(C)
Profit before interest, dividend and taxation increased from R53.9 million to R73.9 million in 2010. Profit attributable to equity holders increased to R48.4 million (R32.6 million),while headline earnings per share rose to 10.3cps (8.1cps).



Dividend

No interim dividends have been declared as it is the Group policy to consider one dividend annually.



Prospects

Comair focus remains on improving customer service while driving further efficiencies. The replacement of three Boeing 737-200's with new generation 737- 800`s signified the next phase in Comair's ongoing fleet upgrade programme. The group expect that the price of oil will remain above USD100 per barrel, and the new aircraft are the key component in managing this cost. We intend to launch two further routes into Africa in the next six months. The potential of an escalating fuel price and further significant increases in airport tariffs remain the greatest challenges to the growth of air travel in South Africa.
07-Feb-2011
(Official Notice)
Shareholders were advised that Comair is currently finalising its results for the six months ended 31 December 2010. Accordingly, a review of the financial results for the six months ended 31 December 2010 by management, has indicated that earnings per share and headline earnings per share are expected to be approximately 10 cents per share. This represents an increase of approximately 23% to 28% in earnings per share and headline earnings per share compared to the first 6 months of the previous year. The results for the six months ended 31 December 2010 are expected to be released on SENS by 16 February 2011.
28 Oct 2010 15:40:43
(Official Notice)
At the 12th annual general meeting of the shareholders of the company held on 28 October 2010, all the resolutions were passed other than the resolutions giving the directors the general authority to issue ordinary shares for cash and giving them the approval to repurchase shares, which resolutions, in the interests of good corporate governance, were withdrawn prior to the commencement of the meeting. The special resolution will be lodged for registration with CIPRO in due course.
30 Sep 2010 11:02:05
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2010 and contain the following modification to the audited results which were published on SENS on 14 September 2010: The statement of cash flows, where the proceeds from the company's rights issue are recorded, have been reclassified as cash flow from financing activities as opposed to cash flow from investing activities.



Notice of the annual general meeting

Notice was given that the annual general meeting of Comair shareholders will be held at Comair's Operations Building on Thursday, 28 October 2010 at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
15 Sep 2010 10:32:07
(Official Notice)
Further to the audited abridged group results for the year ended 30 June 2010 and cash dividend declaration announcement released on SENS, shareholders were advised that the date of the annual general meeting will be the 28 October 2010 and not the 29 October 2010.
14 Sep 2010 14:30:40
(C)
Revenue remained similar to last year at R3 billion, while operating profit increased to R144 million (June 2009: R129 million). Profit attributable to equity holders rose up to R90 million (June 2009: R73 million). Headline earnings per share increased to 22cps (June 2009: 19.6cps).



Dividend

The directors have resolved to declare a cash dividend of 5cps (June 2009: 5cps) to all shareholders.



Annual general meeting

The annual general meeting of shareholders of Comair will be held at its operations building on 29 October 2010 at 12h00.



Outlook

The industry is very sensitive to business activity levels and economic growth rates in South Africa, and Comair have only seen a very moderate recovery from the 2009 recession. The group therefore don't anticipate much growth in the market but do anticipate continuing growth in market share, based on the strength of brands and competitive pricing.



The past year was very significant in that for the first time since start up, Comair placed an order for brand new aircraft. The eight 737-800s, that were ordered from the Boeing Company, will further enhance high efficiency, low cost business model and will set the standard for the industry in Southern Africa, while maintaining Comair's leadership position. The R2 billion order will increase gearing, but together with other efficiency initiatives, position the group for a much stronger profit performance in the future.
31 Aug 2010 13:03:05
(Official Notice)
Shareholders are hereby advised that Comair is currently finalising its results for the year ended 30 June 2010. Accordingly, a review of the financial results for the year ended 30 June 2010 by management, has indicated that earnings per share and headline earnings per share are expected to be approximately 22 cents per share. This represents an increase of 21% in earnings per share, and an increase of 12% in headline earnings per share compared to the previous year. The results for the year ended 30 June 2010 are expected to be released on SENS by 15 September 2010.
23 Aug 2010 12:51:37
(Media Comment)
According to The Sunday Times Business Times, Comair is in talks with Standard Chartered, Citigroup and at least two local banks for a USD413 million loan to help the group purchase eight new jets. Comair is on an expansion drive in its main South African market. The airline has also recently been awarded licences in other African countries.
21 Jul 2010 09:29:42
(Official Notice)
Mr. Rajesh Ramanlal Mehta has resigned as a non-executive director from the board of Comair Ltd with effect from 31 July 2010.
24 May 2010 14:13:34
(Official Notice)
Shareholders are referred to the announcements released on SENS on 8 April 2010, 15 April 2010 and 14 May 2010 and the circular dated 3 May 2010 in terms of which Comair announced the raising of R124 517 647 by way of a fully underwritten renounceable rights offer of 69 176 471 new Comair ordinary shares of 1 cent each ("rights offer shares") to qualifying Comair ordinary shareholders and Comair 'A' ordinary shareholders (collectively "shareholders") ("rights offer"). The rights offer closed on Friday, 21 May 2010 and 93.16% of the rights offer shares were subscribed for
14 May 2010 17:04:10
(Official Notice)
Further to the finalisation announcement released on SENS on 15 April 2010 and in the press on 16 April 2010 wherein Comair released the final terms of the R124 517 647 fully underwritten renounceable rights offer, Comair shareholders are advised that in accordance with the terms of the underwriting agreement, as from 16:30 on 14 May 2010, BB Investment Company (Pty) Ltd is no longer entitled to withdraw from the underwriting agreement. Accordingly, the underwriting agreement is now irrevocable.
15 Apr 2010 12:00:01
(Official Notice)
Shareholders were advised of Comair's intention to raise R124 517 647, by way of a fully underwritten renounceable rights offer of 69 176 471 new Comair ordinary shares of 1 cent each to qualifying Comair ordinary shareholders and Comair 'A' ordinary shareholders, that are eligible to participate. The rights offer shares will be issued at a share price of 180 cents per rights offer share in the ratio of 14 rights for every 100 Comair ordinary shares or Comair 'A' ordinary shares held on the record date for the rights offer, being Friday, 30 April 2010.



Conditions Precedent

Shareholders are advised that the rights offer is unconditional as the following conditions have been fulfilled:

*The listing of the rights offer shares to be allotted and issued pursuant to the rights offer has been granted by the JSE Ltd

*The listing of the renounceable (nil paid) letters of allocation in respect of the rights offer has been granted by the JSE

*The circular in terms of the rights offer and the related relevant documentation have been lodged with and registered by the registrar of companies in accordance with the companies Act, No 61 of 1973.

As a result the rights offer is now unconditional and will be implemented in accordance with the timetable set out in paragraph 3 below.



Salient dates

The salient dates and times relating to the rights offer are set out below:

*Last day to trade in shares in order to participate in the rights offer - Thursday, 22 April 2010



*Record date for the rights offer - Friday, 30 April 2010

*Rights offer opens at 09:00 on - Monday, 3 May 2010

*Last day for trading letters of allocation on the JSE- Friday, 14 May 2010

*Listing of rights offer shares and trading therein on the JSE commences at 09:00 on - Monday, 17 May 2010

*Rights offer closes at 12:00 on - Friday, 21 May 2010



The circular setting out the detailed terms of the rights offer will be mailed on Monday, 3 May 2010 to shareholders recorded as such in the register on Friday, 30 April 2010.





08 Apr 2010 12:12:33
(Official Notice)
26 Mar 2010 12:58:34
(Official Notice)
Comair shareholders were referred to the circular dated 10 March 2010, relating to a general authority to place 69 176 471 Comair ordinary shares under the control of the Comair directors for the purposes of the fully underwritten renounceable rights offer ("rights offer") and the underwriting agreement, and the Comair directors and/or company secretary are granted general authority in order to execute the requisite documentation and/or take the necessary action in relation to the above, and are advised that at the general meeting held on Friday, 26 March 2010, all resolutions were approved by the requisite majority of shareholders.
10 Mar 2010 16:42:48
(Official Notice)
16 Feb 2010 09:49:17
(C)
Profit from operations decreased from R54.1 million to R53.8 million in 2009.Profit before taxation increased to R43.4 million (2008:R41.9 million). Profit attributable to ordinary shareholders increased to R32.6 million (R31.7 million). Headline earnings on a per share basis increased to 8.10cps (7.90cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

There are no clear indications of economic recovery in the local market for air travel, although the company expects the South African market to follow the first signs of recovery seen overseas. The company has embarked on further expansion out of Lanseria to both Durban and Cape Town and were recently awarded further licences into Africa. While the company is cautiously optimistic about higher volumes over the World Cup, this may be tempered by the difficulty in predicting patterns of demand and supply and the significant challenge this presents to pricing airline tickets for this month long event.



Comair recently signed a purchase agreement with Boeing for eight new generation B737-800 aircraft for delivery over the period 2012 to 2015 subject to certain financing arrangements being concluded. Effective financing mechanisms are currently under consideration and shareholders will be informed thereof in due course. These eight aircraft will be in addition to two B737-800 aircraft recently acquired on operating lease and already flying in kulula colours. The new fleet will deliver significant improvements in operating efficiency, passenger comfort and environmental impact.



At the end of the reporting period an aircraft previously acquired for cash was refinanced. There was no significant impact on earnings arising from this loan during the reporting period. The group's priorities remain safety, operating efficiency, conservative cash management, and superior customer service while seeking new growth opportunities for both the airline and travel businesses.
01 Feb 2010 09:13:03
(Media Comment)
Business Day reported that Comair denied on Friday, approaching other domestic airlines to collude on fixing 2010 Soccer World Cup air fare prices, saying it would cooperate fully with a competition commission probe. Comair found itself at the centre of the storm on pricing after it emerged the commission began its investigation focussing on an e-mail from the airlines offices. CEO Erik Venter said that the e-mail was in response to an e-mail from Pule Selepe of the Department of Transport, advising the airlines that the alleged excessive pricing was to be raised at an aviation sub sector task team meeting late last year. The commission announced it had started an investigation into collusion after receiving a leniency application from South African Airways (SAA). In exchange for leniency, the flag carrier provided e-mail evidence of collusion between airlines. Comair said, its pricing during the World Cup was being managed as a function of supply and demand in the same way its pricing was always done.
28 Jan 2010 16:17:13
(Official Notice)
The Competition Commission has initiated an investigation against major airlines BA/Comair, South African Airways, 1Time, SA Airlink, Mango and SA Express for allegedly colluding on prices and pricing strategies to be adopted during the FIFA 2010 World Cup tournament.
30 Oct 2009 16:34:19
(Official Notice)
At the annual general meeting of the shareholders of Comair held on 30 October 2009, all the ordinary resolutions, other than ordinary resolutions number five (control of authorized but unissued shares) and number six (approval to issue shares for cash) which were, in the interests of good corporate governance, withdrawn prior to the annual general meeting; and the special resolution proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
14 Oct 2009 09:10:25
(Media Comment)
Business Report noted that Comair's plans to acquire Durban International Airport have been stopped in their tracks by the government's announcement that it will not sell the airport to a competitor. Transport Minister, S'bu Ndebele, was quoted as saying that "you can't have competition for" Durban's new airport at La Mercy.
13 Oct 2009 15:14:32
(Media Comment)
Joint Comair CEO Gidon Novick confirmed in The Sunday Times Business Times that the company is interested in acquiring Durban International Airport. The airport has been put up for sale by Airports Company South Africa ("Acsa"), which is building the new La Mercy airport north of Durban. Novick said the company has already written a letter to the Minister of Transport, S'bu Ndebele, which has been acknowledged but has not been responded to yet. Acsa did not respond to queries concerning the disposal. Novick believes he can replicate the success Comair has had with Lanseria Airport.
30 Sep 2009 12:51:02
(Official Notice)
Shareholders are advised that the annual financial statements of Comair will be distributed to shareholders on 30 September 2009.



Notice is hereby given that the annual general meeting of the company's shareholders will be held at Comair's operations building, corner of Fortress and Whirlwind Roads, Rhodesfield, Kempton Park, on Friday, 30 October 2009, at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
15 Sep 2009 16:28:06
(Official Notice)
Mr Erik Rudolf Venter has resigned as financial director of Comair with effect from 15 September 2009, but will retain his position as joint CEO of Comair.



Mr Ranil Yasas Sri-Chandana has been appointed as financial director to the board of Comair with effect from 15 September 2009.
15 Sep 2009 16:21:22
(C)
Comair reported a 13.4% increase in revenue amounting to R3.04 billion. Headline earnings per share increased by 27.27% to 19.6c (15.4c). The directors have resolved to declare a cash dividend of 5cps to all shareholders.
02 Sep 2009 16:01:40
(Official Notice)
Comair shareholders are therefore advised that, for the year ended 30 June 2009, the company's earnings per share are expected to be between 15% and 20% higher than that of the previous corresponding period, and headline earnings per share are expected to be between 25% and 30% higher than that of the previous corresponding period.



The company's results for the year ended 30 June 2009 are expected to be released on SENS on or about 15 September 2009.
03 Aug 2009 09:43:38
(Media Comment)
According to Business Day, Comair is likely to place an order for up to six new-generation Boeing 737-800 airliners. This is the first time the company will acquire brand new aircraft. Each plane costs about USD40 million each. Joint-CEO Erik Venter said that Comair was "still in the process of raising the necessary finance and once that is in place we will make a final decision". Venter also commented that Comair continued to look for opportunities in Africa.
11 Jun 2009 14:34:34
(Official Notice)
Mr Bertrandus Johannes van der Linden will be resigning as an executive director from the board of Comair Ltd with effect from 30 June 2009. Derek Henry Borer, the company secretary and current alternate director to Mr B J van der Linden will, with effect from Mr van der Linden's resignation, be appointed as an alternate director to Mr Martin Nicolaas Louw. In addition, Mr Atul Kumar Gupta has been appointed as a non-executive director to the board of Comair, with effect from 17 June 2009.
05 May 2009 17:01:26
(Official Notice)
The appointment of Erik Rudolf Venter as Group Financial Director of Comair, this serves to clarify that Mr. Venter is assuming this position in addition to his existing role as joint Chief Executive officer.
05 May 2009 11:19:21
(Official Notice)
Comair to announced the appointment of its current joint Chief Executive Officer, Erik Rudolf Venter, as Group Financial Director, effective 01 June 2009.
17 Feb 2009 10:53:06
(C)
30 Jan 2009 09:56:23
(Official Notice)
Comair is currently finalising its interim results for the six months ended 31 December 2008, which should be released on SENS on 17 February 2009. In this regard, shareholders are advised that earnings per share and headline earnings per share are expected to be approximately 45% to 50% lower than that of the corresponding reporting period of the previous year.



This is largely attributable to the exceptionally high fuel prices experienced during the first quarter of the financial year, which subsequently declined significantly. Profits for the full year will be influenced by the impact of the current economic climate on passenger numbers.
04 Dec 2008 10:32:50
(Official Notice)
Mr Rajesh R Mehta has been appointed as a non-executive director to the board of Comair, with effect from 4 December 2008.
05 Nov 2008 09:41:12
(Official Notice)
At the 2008 annual general meeting of the shareholders of Comair held, 30 October 2008, all the ordinary resolutions and a special resolution proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with CIPRO in due course.
30 Oct 2008 16:41:16
(Official Notice)
At the 2008 annual general meeting of the shareholders of Comair held on 30 October 2008, all the ordinary resolutions and a special resolution proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with CIPRO in due course.
22 Sep 2008 07:56:52
(Media Comment)
Business Report noted that Comair has withdrawn from talks with Botswana on a three-year contract to manage the country's airline. A Botswana government official said that several major issues could not be resolved.
17 Sep 2008 09:18:51
(C)
Revenue increased to R2.7 billion (R2.2 billion). Profit from operations decreased to R112.1 million (R169.8 million). The earnings decline of 43%, from R109.2 million to R61.8 million, was driven primarily by a R380 million increase in our fuel bill. In addition, headline earnings per share fell to 15.4cps (25.2cps).



Dividend

No dividend has been declared.



Annual general meeting

The annual general meeting will be held at the Comair Operations Building, corner Fortress and Whirlwind Roads, Rhodesfield, Kempton Park, 1619 on Thursday, 30 October 2008, at 12h30.



Prospects

Comair has continued to grow its successful kulula services out of Lanseria airport, where the ease and convenience of the experience has been very well accepted by our business and leisure travellers. The group's strong infrastructure and airline expertise has provided opportunities to commercially deploy these to the benefit of other African airlines. The progression to Africa of the global trend to privatise loss-making national carriers, as well as the South African government's 'Airlift strategy', to open up flight access in Southern Africa, has provided further scope for Comair to grow in Africa.



The new travel business progressed well during the year with the launch of the first on-line travel packages in South Africa. By leveraging leading technology and strong brands, Comair is very well positioned to be a major player in the on-line travel space. The company is also, with strong partnerships, extending the kulula brand and on-line platform into the cellular and financial services offerings. High inflation, a slower economic growth rate and the credit crunch will impact on customer volumes. This might be mitigated to some extent by the build up to the 2010 Soccer World Cup tournament for which Comair is well positioned. The efficiencies that have been achieved from the new fleet, and anticipated from the group's efficiency drive, will continue to strengthen Comair's position in the industry, but could be offset by the crude oil price, ZAR/USD exchange rate and uncompetitive behaviour of state-owned competitors.
10 Sep 2008 09:44:49
(Media Comment)
Business Day reported that Comair was in talks with Malawi's government to establish a new airline in the country to expand its services in the rest of Africa. Comair said that talks had been taking place for about a year and were "more serious" of late.
27 Aug 2008 08:05:15
(Official Notice)
For the year ended 30 June 2008, the company having experienced conditions affecting the global airline industry, earnings per share, and headline earnings per share, are expected to be between 30% and 40% lower than that of the previous corresponding period. The company?s results for the year ended 30 June 2008 are expected to be published on SENS on or about 17 September 2008.
05 Aug 2008 08:30:03
(Media Comment)
Business Report noted that Comair rose the most in two weeks in JSE trading on Monday, 4 August 2008, after the rand rallied to its highest level in six months. Comair jumped 13.77% to close at R1.90. A strong rand means that Comair will have a lower fuel bill and pay less for spare parts, explained Advantage Asset Managers' fund manager Wayne McCurrie.
18 Jun 2008 07:32:12
(Official Notice)
Wrenelle Doreen Stander has been appointed as an independent non-executive director to the board of Comair, with effect from 18 June 2008 .
06 Jun 2008 08:21:15
(Media Comment)
Business Report noted that Comair was named the preferred bidder to manage Air Botswana. The airline said negotiations with the Botswana government would begin soon. If the contact is signed, it will be for three years.
12 Feb 2008 12:55:47
(Official Notice)
Mr L Cromwell Griffiths has retired from the board of directors of Comair with effect from 11 February 2008. Mr R Ntuli, currently a non-executive director of Comair, has been appointed as deputy chairman to the board of directors with immediate effect.
12 Feb 2008 09:44:30
(C)
Attributable earnings increased by 14% to R60 million (comparative period: R52 million) resulting in headline earnings per share of 14.8c relative to 13.1c in the comparative period. Turnover grew by 12% through improvement in both yields and volume. The R60 million increase in the fuel bill was partially offset by the operating efficiencies achieved by the fleet upgrade programme, with the new aircraft being 15% more fuel efficient than the MD82 aircraft that they replace. Non- recurring costs of R15 million were attributable to the expansion of routes out of Lanseria airport, and the delayed delivery of new aircraft.



Dividends

No interim dividends have been declared as it is company policy to declare one dividend annually.



Prospects

Comair anticipate the fuel price to remain high for the foreseeable future and also anticipate a slowing of the market growth rate. Management will, however, continue to achieve further efficiencies through the fleet replacement programme which will be completed by the end of the group's financial year. The new fleet will also achieve improved reliability and customer satisfaction. Comair's core airline growth will be focused on additional services out of Lanseria airport and its network into Africa. Continued expansion of the company's extended businesses, such as its recently launched kulula.com travel portal, will further diversify its future earnings base. Comair's investment in the ground handling venture, Commuter Handling Services, and air freight venture, Imperial Air Cargo, are expected to perform well and to contribute to earnings. The great strength and commitment of Comair's people and the quality of its brands bodes well for the future.
25 Jul 2006 08:38:41
(Official Notice)
Comair has, subject to the fulfilment of certain conditions, resolved to enter into a BEE transaction pursuant to which shares equivalent to approximately 15% of Comair's post transaction issued share capital will be issued to an empowerment consortium led by Thelo Aviation Investments (Pty) Ltd, a wholly owned subsidiary of Thelo Group (Pty) Ltd. Pursuant to the BEE transaction, Thelo Aviation Investments has agreed to purchase an additional 6 172 550 Comair ordinary shares for cash from certain shareholders. This will result in Thelo Aviation Investments and the empowerment consortium holding in aggregate approximately 16.1% of Comair's issued share capital post the BEE transaction. Comair has calculated the total economic cost of entering into the BEE transaction for the company and its shareholders to be approximately R27 million.
14 Feb 2006 17:44:33
(C)
Comair reported an operating profit of R51 million (R47 million) for the six months to 31 December 2005, resulting in attributable earnings of R27 million (R27 million) and headline earnings per share of 6.7c (5.3c). Turnover for the 6 months increased by 17% to R974 million. Total flights operated increased by 12%, resulting in 18% additional seats and passenger growth of 21% over the comparative period. Despite the substantial increase in the fuel price, the industry experienced continued deflation in average ticket prices as result of extreme competition in the market for domestic air travel. The factor with the greatest impact on the profitability for the six months was the price of jet fuel, which increased by 40% over that of the comparative reporting period. The fuel price added R81 million, or 10%, to total operating costs. Excluding the fuel price increase, total cost per seat declined by 9.5% as result of efficiencies achieved through the fleet upgrade programme. Cash generated from operations increased the cash balance to R263 million from R216 million as at 30 June 2005.



Dividends

No interim dividend has been declared for the period, as it is company policy to declare one dividend annually in September.



Prospects

The directors are of the opinion that the current low average ticket prices, in conjunction with the high fuel price and over capacity in the market will continue for the second six months. Nevertheless, Comair will remain price competitive, and in these circumstances profits will remain under pressure.
13 Feb 2006 16:57:30
(Official Notice)
G Novick and ER Venter were appointed as joint managing directors of Comair with effect from 1 July 2006. They will succeed P van Hoven, Comair's current managing director who will assume the role as a non-executive director of the Comair board with effect from 1 July 2006 following his retirement from full time employment at Comair.
28 Oct 2005 15:16:02
(Official Notice)
At the annual general meeting of Comair held on 28 October 05, all resolutions were passed by the requisite majority of shareholders, save for item number 6 regarding the general authority to issue shares for cash which was withdrawn prior to voting. The special resolution will be submitted for registration with the Registrar of Companies in due course.

27 Sep 2005 14:01:16
(Official Notice)
Further to Comair`s audited results for the year ended 30 June 2005, published on 7 September 2005, the annual report was posted on Tuesday, 27 September 2005. The annual report contains no modifications to the aforementioned published audited results.



The annual general meeting of the members of Comair will be held at 12:00 on Friday, 28 October 2005 at the Premier Conference Centre, Retail Level, Domestic Terminal, Johannesburg International Airport
07 Sep 2005 09:30:05
(C)
28 Jul 2005 10:33:04
(Media Comment)
Comair`s share price closed 9% higher on 27 July 05 said Business Day. The group has taken advantage of the SAA strike, introducing an additional 53 flights to accommodate 4 000 SAA passengers.
07 Jun 2005 16:57:12
(Official Notice)
Comair`s shareholders are informed that, for the year ending 30 June 2005, earnings per share are expected to be between 16c and 17c in comparison to the prior corresponding period`s loss of 24.2c. This translates into headline earnings per share of between 15c and 16c in comparison to the prior corresponding period`s headline earnings of 12.1c. The above information has not been reviewed or reported on by the company`s auditors. The company`s results for the year ending 30 June 2005 are expected to be published on or about 7 September 2005.
22-Feb-2018
(X)
Comair Ltd. (?the Group?) is a South African company, listed on the Johannesburg Stock Exchange since 1998, which as its core business, offers scheduled and non-scheduled airline services within South Africa, sub-Saharan Africa and the Indian Ocean Islands.



The Group has operated successfully in South Africa since 1946 and is the only known airline to have achieved operating profits for 71 consecutive years, with a safety record which is internationally recognised.



The Group operates its airline services through two (2) brands, namely, the kulula brand and the British Airways brand, the latter under licence from British Airways International.


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