South African Airlines triples losses on depreciation, competition

Credit: Rob Finlayson
South African Airways (SAA) recorded a net loss of ZAR5.4 billion ($438 million) for the 2016-17 financial year, which ended March 31. The loss was more than three times greater than 2015-16’s restated figure of ZAR1.48 billion. SAA attributed the results to a combination of factors, including a...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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