Record profits for Mango

A fantastic year

"It has been a fantastic year for Mango," said CEO Nico Bezuidenhout. "The narrative of our business case, as set down in 2006, continues to bear fruit as Mango achieves its second successive profitable fiscal and sixth profitable full fiscal out of seven completed." However, he cautioned that the current fiscal indicates an economic hangover as a consequence of ongoing fuel price and currency fluctuations. "This year will see greater challenges and increased pressure on margins and," he added, "with a new market entrant on the horizon both load factors and revenue across the sector will be under pressure."

Bezuidenhout said that Mango's continued investment in technology and innovation across process, distribution and commercial aspects of the business will, however, continue to pay dividends. "The business is driven by a culture of constant and never-ending improvement and is led by a performance desire." The carrier has grown by 100% in capacity over the past three completed fiscals with 75% network expansion.

"Mango is a sustainable asset to South Africans and continues to fulfil its dual mandate of economic enablement and social development." During the period in review Mango's Youth Development Career Days and other social investment initiatives reached more than 50,000 South Africans. "While not everyone will fly with us," said Bezuidenhout, "there is no reason why Mango cannot touch their lives."