Checkers takes to the skies as Pick n Pay tries to stay above water

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Checkers takes to the skies as Pick n Pay tries to stay above water
Pick N PayLift AirlinesSouth Africa
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Emblazoned with “Sixty60” on its sides and “Checkers” on its belly, the plane was first spotted at the OR Tambo International Airport last week.

The teal Airbus A320 conducted its maiden flight between Johannesburg and Cape Town at 10am on October 24. The retailer said it would continue to operate on regularly scheduled flights between Johannesburg, Durban, and Cape Town this summer.While Checkers is reaching new heights, its competitor Pick n Pay is trying to claw its way back to the top as the country’s most popular retailer.to become more profitable, the company posted a R827.4 million loss for the interim period of 26 weeks ending August 25, 2024.

The group noted that its financing costs were R1.13 billion for the year, and this resulted in a pre-tax loss of R1.05 billion, a further decline of 25.7% from 2023. Pick n Pay said that its trading losses grew by 9.1%, in line with budgets, to R718.9 million, due to the financial year 2025 gross profit margin contraction.There is therefore a huge drive to get more people into Pick n Pay stores as the company tries to become solvent.

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