South African Airports expect good news for December holidays

The Airports Company South Africa (Acsa) has published its financial results for the year ending 31 March 2021, with the Covid-19 pandemic and lockdown clearly impacting the group’s operations.

Revenue was R2.2 billion for the 12 months, less than a third of the R7.1 billion generated in the previous financial year. While the company produced a profit of R1.4 billion in 2019/20, the result for FY20/21 was a loss of R2.6 billion. This was only the second loss in the company’s 28-year history. In South Africa, Acsa’s passenger figures for the year fell by 78.2%, from 21 million to 4.6 million. Total air traffic movements for Acsa declined by 60%, from 249,519 to 99,880.

To find out more about this article please visit: https://businesstech.co.za/news/business/530384/south-african-airports-expect-good-news-for-december-holidays/

Resources: https://businesstech.co.za/news/

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