SAA's cost cutting turns loss into profit

South African Airways (SAA) has revealed a R51 million ($8.32 million) profit for the 12 months to the end of March. The state-owned airline, which last month agreed to sell a 20% shareholding to SAirGroup of Switzerland, recorded a R244 million loss the previous year.

Keep reading this article by becoming a FlightGlobal member now

PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING

FlightGlobal Premium Digital

You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:

  • Increased access to online news and in-depth articles from:
  • FlightGlobal Premium covering the global aviation industry
  • Airline Business providing insight for business leaders
  • Weekly newsletters on topics across the industry

Join now