The airline's 2018/2019 annual report shows that it made a loss of R591m, more than three times that of the previous year
Losses at another state-owned airline, SA Express, widened significantly over the past financial year despite the efforts of a new board and management to turn the airline around.
Like SAA, SA Express has not tabled financial statements in parliament for the past two years. But the 2018/2019 annual report, which Business Day has seen, shows that the company recorded a loss of R591m, more than three times the previous year’s R162m loss.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA Express rescue plan fails as losses widen significantlyThe airline's 2018/2019 annual report shows that it made a loss of R591m, more than three times that of the previous year
Read more »
Safa say no to helping CAF out by SA hosting its women’s cupThe SA Football Association is, instead, focusing on hosting the 2023 Fifa World Cup, despite the current popularity of women’s football
Read more »
Manack may just be the man for SA cricket | IOLSA cricket needs some direction. Hussein Manack may just be the man to provide it, says ZaahierAdams.
Read more »
‘Organised criminal group’ very likely to have carried out recent SA cyberattacksMimecast says in its threat intelligence report SA experienced the single longest-running campaign from July 8-15 in any region, in the quarter
Read more »
SA pays lip service to ethical governance, says reportCorporate governance in SA is slowly improving, but the country is still far from going back to its glory days 🔒
Read more »
Women go unseen in the shadow of SA miningWomen in mine-affected communities struggle to derive any benefit from economic activity 🔒
Read more »