1time to retrench staff, cut routes

2012-10-11 16:19
Johannesburg - Distressed low cost airline, 1time, is expected to retrench 15% of its staff across the country as a result of financial losses, the SABC reports.

This comes amid criticism by smaller airlines of the state's decision to give South African Airlines (SAA) a R5bn guarantee, which they say gives the national carrier an unfair advantage. 

One Time CEO, Blacky Komani, says retrenchments will be necessary as part of cost cutting measures.

"There is about a 30% cut in our fleet. The fixed course that goes with that has to be proportional to the number of aircraft that we are operating. Part of that involves us exiting routes that are not profitable and maintaining routes that are profitable for the airline," Komani said.

He added that should the airline grow and return to profitability it will re-employ some of the staff.

 
Read more on:    1time  |  travel south africa  |  flights
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Inside Travel

 
/News
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.