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For the First Time in 12 years, South African Airways has Posted an Annual Profit
By SG Editor·
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The interim SAA board confirmed the airline’s surprising achievement for the year ended March 2023 (FY2023) at its annual general meeting. The airline’s revenue increased 183%. In addition, the airline made its final legacy debt repayment and is therefore completely debt-free, leaving the door open for growth opportunities. The board’s interim CEO described the “pleasing” results as “emblematic of the hard and careful work that went into the relaunching of SAA as a reliable airline and globally admired brand.”