A prominent aviation expert has accused South African budget airlines of rebuilding their balance sheets with excessive profits after the losses they incurred during the Covid-19 pandemic.
Prominent aviation expert Guy Leitch agrees with parliament’s trade committee chair, Mzwandile Masina, that South Africa’s flight ticket prices are far more expensive than they need to be and require investigation.
Leitch said although a weakened rand has also contributed to higher jet fuel and parts costs, he believed the airlines may be gouging prices. Leitch said that airlines had previously started their ticket prices on the most popular routes at around R1,000 before the pandemic, the starting prices had jumped to about R2,500.However, Leitch disagreed strongly with Masina that the airlines’ alleged overpricing was to the detriment of SAA.
“It was a great pity that they closed Mango down,” Leitch said. “The airline was probably fundamentally profitable.” The additional financial burden proved too much for Comair, which ceased all operations in June 2022, taking roughly 40% of flight seat capacity down with it.
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