Editing Precision Air (section)

===Business trends===
Because it was a private company until 2011, published figures were not generally available before the initial public offering prospectus<ref name="Prospectus">{{cite web | title=Prospectus | date=12 September 2011 | url=https://precisionairtz.com/assets/files/Investor%20Relations/PRECISION%20AIR%20PROSPECTUS%2014%20September%202011.pdf | access-date=28 September 2014 | archive-url=https://web.archive.org/web/20130122122828/http://precisionairtz.com/assets/files/Investor%20Relations/PRECISION%20AIR%20PROSPECTUS%2014%20September%202011.pdf | archive-date=22 January 2013 | url-status=dead }}</ref> of 12 September 2011. Since then, full Annual Reports and Accounts have been published. ({{as of|2021|December}}, however, those for 2019 and 2020 are still awaited.){{Cn|date=June 2024}}

Available trends over recent years for the Precision Air group (Precision Air Services Plc and its subsidiaries Precision Handling Limited and Precise Systems Limited) (as at year ending 31 March) are:

{| class="wikitable" style="margin:1em auto; text-align:center;"
|-  
! style="background: #3D590E" |
! style="background: #3D590E;" | {{color|white|2008}}
! style="background: #3D590E;" | {{color|white|2009}}
! style="background: #3D590E;" | {{color|white|2010}}
! style="background: #3D590E;" | {{color|white|2011}}
! style="background: #3D590E;" | {{color|white|2012}}
! style="background: #3D590E;" | {{color|white|2013}}
! style="background: #3D590E;" | {{color|white|2014}}
! style="background: #3D590E;" | {{color|white|2015}}
! style="background: #3D590E;" | {{color|white|2016}}
! style="background: #3D590E;" | {{color|white|2017}}
! style="background: #3D590E;" | {{color|white|2018}}
! style="background: #3D590E;" | {{color|white|2019}}
|-
| align="left"| Turnover ([[Tanzanian shilling|TSh]]&nbsp;million)
| 57,988
| 84,344
| 92,493
| 113,606
| 163,061
| 181,358
| 141,262
| 105,400
| 90,751
| 79,756
| 97,108
! 
|-
| align="left"| Profits ([[Earnings before taxes|PBT]]) (TSh&nbsp;million)
| 5,671
| 2,818
| 1,924
| 2,159
| 1,841
| {{color|red|−30,812}}
| {{color|red|−11,400}}
| {{color|red|-83,900}}
| {{color|red|−91,676}}
| {{color|red|−26,941}}
| {{color|red|−21,099}}
! {{color|red|−31,861}}
|-
| align="left"| Number of employees
| align=center |
| align=center |
| 576
| 657
| 704
| 717
| 608
| 536
| 509
| 436
| 356
! 405
|-
| align="left"| Number of passengers ('000)
| 465
| 538
| align=center |
| 667
| 825
| 896
| 688
| 452
| 375
| 409
| 474
! 481
|-
| align="left"| Passenger load factor (%)
| align=center |
| align=center |
| align=center |
| 64
| 58
| 62
| 65
| 59
| 52
| 52
| 55
! 52
|-
| align="left"| Number of aircraft (at year end)  
| align=center |
| align=center |
| 10
| 10
| 11
| 12
| 10
| 10
| 10
| 10
| 10
! 7
|-
| align="left"| <small>''Notes/sources''</small>
| <ref name="Prospectus"/>
| <ref name="Prospectus"/>
| <ref name="Prospectus"/>
| <ref name="Report">{{cite web | title=Directors Report and Financial Statements 31 March 2013 | date=31 August 2013 | url=https://www.precisionairtz.com/files/Investor%20Relations/PAir%20Directors%20Report%202013%20grey%20fnlmail.pdf | access-date=3 January 2014 | archive-url=https://web.archive.org/web/20140103181457/https://www.precisionairtz.com/files/Investor%20Relations/PAir%20Directors%20Report%202013%20grey%20fnlmail.pdf | archive-date=3 January 2014 | url-status=dead }}</ref>
| <ref name="Report"/><ref>{{usurped|1=[https://archive.today/20130615201443/http://www.financialjunction.info/index.php/en/component/k2/item/69-super-brand-precision-air-pw-pleased-with-2012-2013-performance "Super Brand Precision Air (PW) pleased with 2012/2013 performance", ''The Financial Junction'', 17 April 2013]}}</ref>
| <ref>{{cite web | url=https://www.precisionairtz.com/files/Investor%20Relations/PAir%20Directors%20Report%202013%20grey%20fnlmail.pdf | title=Directors' Report and Financial Statements 31 March 2013 | publisher=Precision Air | access-date=22 November 2013 | archive-url=https://web.archive.org/web/20140103181457/https://www.precisionairtz.com/files/Investor%20Relations/PAir%20Directors%20Report%202013%20grey%20fnlmail.pdf | archive-date=3 January 2014 | url-status=dead }}</ref>
| <ref>{{cite web | url=http://dse.co.tz/sites/default/files/dsefiles/Financial%20Statement-Precision-2014.pdf | title=Directors' Report and Financial Statements 31 March 2014 | publisher=Precision Air | access-date=21 July 2014}}</ref> 
| <ref>{{cite web | url=http://dailynews.co.tz/index.php/business/41998-despite-bad-performance-precision-air-shares-remain-flat | title=Despite bad financial performance Precision Air shares remain flat | work=Daily News | access-date=21 October 2015}}</ref>
| <ref name="Report 2016"/>{{rp|2}}
| <ref name="Report 2018">{{cite web | url=https://www.precisionairtz.com/images/documents/PrecisionAir-Annual-General-Meeting-Books-B5-Final.pdf | title=Annual Report and Financial Statements for the year ended 31 March 2018 | publisher=Precision Air | access-date=21 November 2019}}</ref>
| <ref name="Report 2018"/>
! <ref>{{cite web|url=https://afraa.org/wp-content/uploads/2020/11/Annual-Report_2020_web.pdf|title=AFRAA Annual Report 2020|publisher=[[AFRAA]]|access-date=20 April 2021}}</ref><ref>{{cite web|url=https://sautikubwa.org/tanzanias-precision-air-flies-in-detrimental-business-losses/|title=Tanzania's Precision Air flies in detrimental business losses|publisher=sautikubwa.org | date=8 January 2021 |access-date=22 December 2021}}</ref>
 |}

Published reports in June 2013 indicated that Precision Air had encountered substantial financial difficulties, stemming in part from losses incurred while operating flights to and from Johannesburg, South Africa.<ref>{{cite news | url=https://www.eturbonews.com/35381/precision-air-s-financial-troubles-go-public-domain|title=Precision Air's financial troubles go into public domain | last=Thome | first=Wolfgang H. Thome | date=11 June 2013 | work=eTurboNews | access-date=4 September 2017 | language=en-US}}</ref> Those flights ended in September 2012.<ref>{{cite web | url=https://airlineroute.net/2012/08/27/pw-jnb-sep12cxld | title=Airlineroute :: Routesonline | date=2017 | publisher=UBM (UK) Ltd. | website=airlineroute.net | language=en-GB | access-date=4 September 2017 | archive-url=https://web.archive.org/web/20160304093742/http://airlineroute.net/2012/08/27/pw-jnb-sep12cxld/ | archive-date=4 March 2016 | url-status=dead }}</ref> ''The Citizen'', a Tanzanian newspaper, reported in August 2013 that the airline "desperately" needed a US$32 million bailout package from the Tanzanian government or other non-shareholder sources.<ref name="Bailout">{{cite news | url=https://www.thecitizen.co.tz/News/Precision-Air-s-Sh51bn-bailout-appeal-to-State/-/1840392/1948522/-/5r7rfd/-/index.html | title=Precision Air's Sh51bn bailout appeal to State | access-date=4 September 2017 | language=en}}</ref> The airline's problems increased in 2011 when it received only US$7.4 million of the US$17.5 million in cash that the airline hoped to receive when first listed on the Dar es Salaam Stock Exchange.<ref name="Bailout"/><ref>{{cite news | url=https://www.theeastafrican.co.ke/business/Precision+Air+looks+to+other+lenders+after+poor+IPO+show+/-/2560/1283846/-/item/0/-/im825y/-/index.htm | title=Precision Air looks to other lenders after poor IPO show | work=The East African | access-date=4 September 2017 | language=en-UK}}</ref> Increasing fuel prices, taxes, and levies plus currency fluctuations and the refusal of minority owner Kenya Airways to contribute capital had also hurt the airline.<ref name="Bailout"/>