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Friday 29 July 2011

Camair-Co revenue falls as customers leave

Camair-Co lost a net number of customers in the second quarter but continued its upward revenue momentum, with tickets sales growing under 3% to an estimated less than £ 150m..and as it struggles against strong performances at its rivals and a reputation for poor customer service. Its revenue decreased 5%. The company does not disclose its profits until interim results in October. 

Camair-Co are not really a good team player company in the aviation business world as they are reluctant to provide financial information when asked to do so.

Its average revenue per user rose to £25 a month. The Cameroon national airlines company reported smaller losses for the first half of the year, boosted by more passengers demands for travelling.

Demands for travelling is growing but actually many more prefer to use Air France-KLM rather to travel with the company.

There are losses made in pre-tax and the management is willing to change that by offering more and more exciting and attractive tickets cost.

Air France-KLM losses widen after the company posted a £186.5m net loss for the quarter on July 27 as fuel bills rose and it took a knife to plans to offer more seats next winter amid mounting fears over the Eurozone debt crisis.
In the other hand regarding the fuel bills rising, Camair-Co appears reluctant of providing information about losses as the company also has been affected and badly affected by the fuel bills rising.

Europe`s largest airline by revenue said its operating loss widened from a year ago to less than £120m but predicted it would still be able to eke out a positive result for the year.

Revenue rose 8.7% to£7.028bn and passenger traffic rose 9.4%. But turmoil in North Africa and the Middle East and the aftermath of the Japanese earthquake, tsunami and nuclear crisis all combined to cause £ 113m in losses.

Camair-Co will be opening new destinations in order to increase revenue and also to improve the company financial capability.

  At the moment as one of the company`s mission is  to change the landscape of the air transport in Cameroon, in Africa and in the rest of the world, the management doesn`t seem to communicate too much even one of the insider said that the group recurring operating profit would still be higher than last year`s level for the year as a whole, helped by  a productivity improvement plan.

Camair-Co need to buy a specialist travel group in order to boost their revenue and that could also generate more money in from its international operations...











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