Cape Town – Flight prices between Johannesburg and Cape Town have reportedly spiked following the demise of Comair, which accounted for up to 40% of market supply.
Comair, the South African airline that also operated the budget airline Kulula, grounded its planes on June 1 due to a lack of funds.
It later filed for liquidation after its bankruptcy administrators were unable to raise sufficient funds to keep it flying.
“We did our utmost to secure the funding, but when we were unable to do so had no option to lodge the application. It is an extremely sad day for the company, its employees, its customers and South African aviation,” said Comair in a statement.
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This, combined with record-high fuel prices, resulted in structurally higher flight fares, according to The Citizen.
Near-term flights on the Joburg-Cape Town route have risen to more than R6 000 for a return ticket, said the report.
Because of the limited number of available seats, there weren’t really any cheaper near-term flights at “off peak” times.
This has dreadful consequences for those who need to travel at the last minute due to an emergency, the report said.
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Compiled by Sinothando Siyolo
