SAA logs first profit since 2012
The state-owned airline’s revenue surged 183% from R2bn to R5.7bn in the 2022/23 financial year
21 November 2024 - 15:12
State-owned airline SAA has patted itself on the back after breaking a more than decade-long money-losing streak in the 2023 fiscal year, when it swung into a profit.
It reported a net profit of R252m in the year to end of March 2023, from a loss of R3.65bn a year earlier, and marking the first time it logged a positive bottom line since 2012...
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