Comair in "a very difficult financial position"

South Africa's Comair is in "a very difficult financial position" due to coronavirus-related travel restrictions and does not anticipate being able to resume flights until October or November, the carrier has said.
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South Africa's Comair has said it does not expect to be able to resume flights until October or November due to the impact of Covid-19.

 

The airline said it is currently in "a very difficult financial position".

 

At the end of April Comairwrites: "Although the company was experiencing financial headwinds prior to the Covid-19 outbreak, the five-week lockdown has caused the situation to rapidly deteriorate to a point where the company finds itself in a very difficult financial position."

 

Comair has been unable to operate since March 17.

 

Comair suffered an operating loss of R562 million ($31 million) in the second half of 2019, which it attributed mainly to South African Airways' having gone into business rescue, saying the national carrier owed it R790 million.