SAA's financial woes
May 31, 2020, 2:25 am
#241
Join Date: Mar 2004
Location: CPT
Programs: BA BD SA
Posts: 4,467
It’s too little too late - but there is some grim satisfaction in seeing the vile, dissembling Dudu Myeni’s character being systematically exposed and excoriated by the judge who declared her a delinquent director.
May 31, 2020, 1:11 pm
#242
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
Jun 1, 2020, 9:50 am
#243
Join Date: Mar 2016
Location: CPT,AMS
Posts: 4,412
SAA rescue plan calls for taxpayers to cough up further R4.6 billion
https://www.fin24.com/Companies/Indu...llion-20200601
Jun 1, 2020, 2:13 pm
#244
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
"The government has embraced the restructuring process as part of a path to a new, dynamic and financially viable airline that will serve South Africa's economic and strategic interests."
What the heck have they been smoking?
Johan
What the heck have they been smoking?
Johan
Jun 1, 2020, 4:13 pm
#245
Join Date: Sep 2008
Location: SF Bay Area
Programs: None - previously UA
Posts: 4,867
https://www.flightglobal.com/airline...138632.article
Does anyone know what the one profitable international route for SAA in 2019 was?
Does anyone know what the one profitable international route for SAA in 2019 was?
Jun 2, 2020, 1:19 am
#246
Join Date: Mar 2016
Location: CPT,AMS
Posts: 4,412
Given the current on-going ban on tobacco sales since March, at best it would have to be illicit cigarettes of dubious quality, although I hear that hard drugs are cheaper these days...
Jun 2, 2020, 1:54 pm
#247
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
A perfect examply of a totally insane C-19 policy.
The ban as such makes no sense whatsoever, there's apparently even some preliminary scientific evidence that smoking is a protective factor against C-19 infections. Not only that, but the ban drives smokers into the arms of criminals, and deprives the government of tobacco taxes at a time when they need every cent they can get.
Johan
The ban as such makes no sense whatsoever, there's apparently even some preliminary scientific evidence that smoking is a protective factor against C-19 infections. Not only that, but the ban drives smokers into the arms of criminals, and deprives the government of tobacco taxes at a time when they need every cent they can get.
Johan
Jun 2, 2020, 4:04 pm
#248
Join Date: Mar 2004
Location: CPT
Programs: BA BD SA
Posts: 4,467
A perfect examply of a totally insane C-19 policy.
The ban as such makes no sense whatsoever, there's apparently even some preliminary scientific evidence that smoking is a protective factor against C-19 infections. Not only that, but the ban drives smokers into the arms of criminals, and deprives the government of tobacco taxes at a time when they need every cent they can get.
Johan
The ban as such makes no sense whatsoever, there's apparently even some preliminary scientific evidence that smoking is a protective factor against C-19 infections. Not only that, but the ban drives smokers into the arms of criminals, and deprives the government of tobacco taxes at a time when they need every cent they can get.
Johan
Last edited by Cheetah_SA; Jun 3, 2020 at 1:27 am
Jun 4, 2020, 5:32 am
#249
Join Date: May 2009
Location: Bath, UK
Programs: BAEC Silver
Posts: 1,002
https://www.flightglobal.com/airline...138632.article
Does anyone know what the one profitable international route for SAA in 2019 was?
Does anyone know what the one profitable international route for SAA in 2019 was?
Jun 4, 2020, 9:24 am
#250
Join Date: Jul 2012
Posts: 500
Jun 4, 2020, 12:31 pm
#251
Join Date: Jun 2009
Location: Teaneck, NJ
Programs: AA L.T. Plat; UA Platinum
Posts: 328
For the South Africans on the forum, with COVID cases on the rise, is there any speculation of when international borders will reopen? SAA, of course is another matter. Just cancelled Africa trip which involved BA from JFK to JNB and after a week in SA, JNB to LUN on SA. Working on pushing the trip into June-July 2021 so hopefully there should be a vaccine as well as therapeutics.
Jun 4, 2020, 1:54 pm
#252
Join Date: May 2009
Location: Bath, UK
Programs: BAEC Silver
Posts: 1,002
For the South Africans on the forum, with COVID cases on the rise, is there any speculation of when international borders will reopen? SAA, of course is another matter. Just cancelled Africa trip which involved BA from JFK to JNB and after a week in SA, JNB to LUN on SA. Working on pushing the trip into June-July 2021 so hopefully there should be a vaccine as well as therapeutics.
Jun 5, 2020, 2:54 pm
#254
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
Aviation experts explain why 'bizarre' SAA draft rescue plan cannot fly
"Aviation economist Joachim Vermooten was underwhelmed by the practitioners' draft plan and felt it was unrealistic.Aircraft numbers are expected to be cut by half within the first two years, according to the draft plan, yet revenue levels will be roughly maintained as a result of significant increases in fares and revenue per passenger. Such a large increase in fares will be difficult to achieve in competitive markets, he argues. He also questions why the draft plan proposes waiting until year three before down scaling the airline as the draft plan envisages substantial losses of R19.9 billion in the first three years and only projects marginal profitability based on what appears to be unrealistic unit revenue increases."
Source
Johan
Source
Johan
Jun 5, 2020, 3:08 pm
#255
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
SAA's revival budget - a gross miscalculation
"But perhaps the rescue team knows enough about South African politics to know that an airline will exist whether we like it or not. If they had any doubts, the second document of interest released this week was the ANC’s latest attempt at convincing us it has an economic plan – the Economic Reconstruction document authored by Enoch Godongwana. It mentions the need for a National Aviation Industrial Strategy to be established. That document obviously assumes that the key exhibit of what politicians believe to define the success or otherwise of a national aviation strategy – a National Airline – is going to be with us for years to come."
Source
Johan
Source
Johan