Cost-cutting South African Airways slash 23% of flights from their schedule
A grim 2017 for South African Airways is set to limp to a fitting conclusion. The airline revealed they are cutting almost a quarter of their flight itinerary. Having already removed 1 aircraft from flying, the stricken airline will look to remove another 5 planes from their fleet by October as they desperately try to plug their financial sinkhole. There was at least a flicker of light at the end of SAA’s tunnel, however: They made a shock profit of ZAR19m in July. Despite this effort, the small turnaround is merely a drop in a very bleak ocean. They had budgeted to make a ZAR207m loss. This after it posted a AZR1.354b loss in the first 3 months of 2017. The loss <br/>had now declined to ZAR1.335b. The airline presented the case that they needed a further ZAR13b injection from the Treasury over the next 3 years. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-14/star/cost-cutting-south-african-airways-slash-23-of-flights-from-their-schedule
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Cost-cutting South African Airways slash 23% of flights from their schedule
A grim 2017 for South African Airways is set to limp to a fitting conclusion. The airline revealed they are cutting almost a quarter of their flight itinerary. Having already removed 1 aircraft from flying, the stricken airline will look to remove another 5 planes from their fleet by October as they desperately try to plug their financial sinkhole. There was at least a flicker of light at the end of SAA’s tunnel, however: They made a shock profit of ZAR19m in July. Despite this effort, the small turnaround is merely a drop in a very bleak ocean. They had budgeted to make a ZAR207m loss. This after it posted a AZR1.354b loss in the first 3 months of 2017. The loss <br/>had now declined to ZAR1.335b. The airline presented the case that they needed a further ZAR13b injection from the Treasury over the next 3 years. <br/>
