Originally Posted by
johan rebel
"
South African Airways has recorded a R1.8bn (€127.7m) loss in the fourth quarter of the 2017/2018 financial year – R1.2bn (€81.3m) more than was originally predicted.
Revenue was 12% lower than predicted while expenditure surpassed the budget by R400m (€27.1m). Sales on international routes declined 11%. SAA says the decline could be due to increased competition as well as increased negative sentiment towards the airline."
Source
Johan
Ouch, good to know my tax money is being spent well!