SAA's financial woes
#121
Join Date: Dec 2007
Location: Body in Downtown YYZ, heart and mind elsewhere
Programs: UA 50K, refugee from AC E50K, Marriott Lifetime Plat
Posts: 5,132
I may need to put this to the test. I have an LX ticket for an LH codeshare operated by SAA. The flight is on 01 Jan 2020. Should SAA pull the plug on international flights on that day, I'll be scrambling to execute Plan B which will be to work with LX on getting me back home!
#122
Join Date: Dec 2019
Programs: Delta
Posts: 12
Too Risky To Book?
Since "Business Rescue" was initiated, I've been hesitant to book JFK-JNB for August 2020, even though RT fare is very low ($855). I looked into travel insurance but coverage would be denied since SAA has started the bankruptcy process. Also checked with my credit card bank and doesn't seem as though their policies include reimbursement for an airline that ceases operations. So...any thoughts on what to do? Other option from my home airport (DTW) is Delta/KLM via Amsterdam, but those tickets are currently running around $1650.
#123
Join Date: Mar 2004
Location: CPT
Programs: BA BD SA
Posts: 4,467
No one can tell you if SAA will be flying that route at that time. The best anyone can do is hazard a guess at probabilities. Apart from the fact that those guesses would probably have a very wide range, they don't address the travellers' issue that the outcome will be binary: either SAA will fly or it won't.
The reason the tickets are so much cheaper is that there is definitely more risk. So it really depends on each person's risk tolerance and the impact that SAA failing to fly would have on your own personal circumstances. Do you have a viable Plan B? Could you afford last-minute tickets if the worst came to the worst? Like all financial decisions you have to wiegh up not just the most likely outcomes but your ability to cope with the most extreme outcomes.
The reason the tickets are so much cheaper is that there is definitely more risk. So it really depends on each person's risk tolerance and the impact that SAA failing to fly would have on your own personal circumstances. Do you have a viable Plan B? Could you afford last-minute tickets if the worst came to the worst? Like all financial decisions you have to wiegh up not just the most likely outcomes but your ability to cope with the most extreme outcomes.
#125
Join Date: Dec 2007
Location: Body in Downtown YYZ, heart and mind elsewhere
Programs: UA 50K, refugee from AC E50K, Marriott Lifetime Plat
Posts: 5,132
I may need to put this to the test. I have an LX ticket for an LH codeshare operated by SAA. The flight is on 01 Jan 2020. Should SAA pull the plug on international flights on that day, I'll be scrambling to execute Plan B which will be to work with LX on getting me back home!
I hope SAA continues to fly; I've enjoyed all my SAA flights but reality dictates that something needs to change with how that airline operates.
#126
Join Date: Nov 2012
Location: BGI (ex-YYC, YYZ)
Programs: AC*G-E100K (once again)
Posts: 1,701
Update - I arrived JNB on 01 Jan 2020 and went to check in for my SAA flight to MUC. All was well and normal as could be. There were no issues and the flight was uneventful.
I hope SAA continues to fly; I've enjoyed all my SAA flights but reality dictates that something needs to change with how that airline operates.
I hope SAA continues to fly; I've enjoyed all my SAA flights but reality dictates that something needs to change with how that airline operates.
#128
Join Date: Mar 2004
Location: CPT
Programs: BA BD SA
Posts: 4,467
This article from Fin24 has little that is definitive but points to some disturbing developments. Make of it what you will...
#129
Ambassador: World of Hyatt
Join Date: Mar 2002
Location: UK - the nearest airport is named after a motorway !
Posts: 4,235
Yow! Very nearly just booked myself a ticket on SAA for this weekend, thinking that there would be plenty of notice of any winding up, and now glad that I didn't....
#130
Join Date: May 2009
Location: Bath, UK
Programs: BAEC Silver
Posts: 1,002
It is amazing that this thread was started on the 9th January 2013, 6 years and 8 days ago, and SAA is still hanging in there. I guess we will see on Monday if the first response of "If they run short of cash before that, they'll just get another bailout from the taxpayer. Nothing to worry about." still holds true!
#131
FlyerTalk Evangelist
Join Date: Oct 2000
Posts: 14,352
#133
Join Date: Oct 2013
Posts: 64
Flights to/from Durban, Cape Town, and Munich cancelled this week, it's starting to look really bad.
https://techcentral.co.za/here-are-a...-by-saa/95344/
A shame, I think they have been great to fly with
https://techcentral.co.za/here-are-a...-by-saa/95344/
A shame, I think they have been great to fly with
#134
Join Date: Dec 2009
Location: USA
Posts: 1,153
Flights to/from Durban, Cape Town, and Munich cancelled this week, it's starting to look really bad.
https://techcentral.co.za/here-are-a...-by-saa/95344/
A shame, I think they have been great to fly with
https://techcentral.co.za/here-are-a...-by-saa/95344/
A shame, I think they have been great to fly with