WATCH: Mounting losses at South African Airways [VIDEO]

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South Africa’s national airline South African Airways (SAA) is once again incurring financial losses. Despite reassurances that the newly restarted airline would operate in financially sustainable ways, South African Airways has reported monetary losses for the first part of this financial year. The state-owned airline saw a loss of R 150 million for the first three months of the 2024 financial year, according to Daily Investor. This data was revealed by SA’s National Treasury last Tuesday in a report presented to Parliament’s Standing Committee on Appropriations.  South Africa’s flag carrier restarted operations in September 2021, albeit as a much smaller airline with a much-reduced route network. This is compared to its scheduled operations prior to entering business rescue in December 2019.

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NEWS IN A MINUTE ON: SOUTH AFRICAN AIRWAYS FACING FINANCIAL LOSSES

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