SA's airlines, which have been haemorrhaging money since March last year amid stringent travel restrictions, are in for a tough ride for at least the next year to 18 months, with survival odds favouring those that have access to cash and can cut fixed costs.

Wrenelle Stander, the new CEO of the Airlines Association of Southern Africa, says as it stands, airlines find themselves "in a holding pattern" doing what they can to survive. "They have to have access to cash while they are in this holding pattern. In addition, they would have hopefully cut their fixed costs so they are not burning as much cash."..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now