Kulula.com, the low-fare airline operated by Comair, has offered to host a party for rival South African Airways (SAA) offshoot, Mango, if it ever makes a profit, Kulula said on Friday.
Kulula.com, the low-fare airline operated by Comair, has offered to host a party for rival South African Airways (SAA) offshoot, Mango, if it ever makes a profit, Kulula said on Friday.
Kulula challenged Mango to come clean on its profit performance after Mango claimed this week that it was performing well since its start four months ago.
"The simple measure of financial success is profitability and that is the one number that Mango has been very quiet about," said Comair joint chief executive Erik Venter.
Venter acknowledged that Mango had helped to grow the travel market, but added that this was at the cost of Mango's profitability and that of its parent company, SAA.
"The proof is ultimately in the pudding and if we are proven wrong, we'll be eating lots of humble pie at the party," said Venter.
On Tuesday Mango said that the rapid growth in the domestic aviation market had enabled it to pay back its shareholder, SAA, more than the R100million start-up loan and that it had begun operating on a normal cash flow. - Sapa
Kulula throws down the gauntlet to Mango
Kulula.com, the low-fare airline operated by Comair, has offered to host a party for rival South African Airways (SAA) offshoot, Mango, if it ever makes a profit, Kulula said on Friday.
Kulula.com, the low-fare airline operated by Comair, has offered to host a party for rival South African Airways (SAA) offshoot, Mango, if it ever makes a profit, Kulula said on Friday.
Kulula challenged Mango to come clean on its profit performance after Mango claimed this week that it was performing well since its start four months ago.
"The simple measure of financial success is profitability and that is the one number that Mango has been very quiet about," said Comair joint chief executive Erik Venter.
Venter acknowledged that Mango had helped to grow the travel market, but added that this was at the cost of Mango's profitability and that of its parent company, SAA.
"The proof is ultimately in the pudding and if we are proven wrong, we'll be eating lots of humble pie at the party," said Venter.
On Tuesday Mango said that the rapid growth in the domestic aviation market had enabled it to pay back its shareholder, SAA, more than the R100million start-up loan and that it had begun operating on a normal cash flow. - Sapa
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