Ramp Valuation Skyrockets to $13 Billion After $150 Million Secondary Share Sale
Expense management startup Ramp sees massive valuation bump to $13 billion after secondary share sale, with new and existing investors participating.
Riley King
FlySafair, South Africa's largest airline, has made history by emerging as the sole African representative in the top five global on-time performance rankings for February 2025, according to Cirium's On-Time Performance Report. With an impressive 95.82% on-time performance, FlySafair has set a new standard for African aviation, demonstrating its commitment to reliability and punctuality.
The report highlights the exceptional performance of several global airlines, with five carriers achieving an on-time performance exceeding 90%. FlySafair's achievement is particularly noteworthy given the operational challenges in the African aviation sector, such as infrastructure limitations and regulatory complexities. The airline's success serves as a testament to what can be accomplished with strategic management and a focus on punctuality.
The global aviation industry witnessed a decrease in flight cancellations by 18% in February 2025, with 41,041 flights cancelled compared to 50,110 in January. This improvement in on-time performance is a positive sign for airlines and airports worldwide. However, certain regions faced significant operational challenges, such as severe weather conditions in North America, which impacted airline performance.
FlySafair's exemplary performance offers valuable insights for other African carriers. By prioritizing punctuality and operational efficiency, airlines can enhance their competitiveness both regionally and globally. This achievement also underscores the importance of addressing infrastructural and regulatory challenges to improve overall on-time performance across the continent.
The report's findings have significant implications for African aviation. FlySafair's success story serves as an inspiration and a benchmark for other carriers aiming to enhance their operational performance. As the aviation industry continues to evolve, it is crucial for African airlines to prioritize punctuality, reliability, and operational efficiency to remain competitive in the global market.
In conclusion, the February 2025 On-Time Performance Report not only celebrates the achievements of top-performing airlines but also highlights areas for improvement. For Africa, FlySafair's success story serves as a beacon of hope, demonstrating the continent's potential in aviation excellence. As the industry looks to the future, FlySafair's achievement will undoubtedly inspire other African carriers to strive for operational excellence.
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