SAA vows to re-accommodate passengers as it cancels flights to save cash

South African Airways confirmed on Tuesday that it was in the process of cancelling and consolidating selected local and international flights, in part to save cash.  It has vowed to re-accommodate local and international fliers. 

In a statement the debt-laden national carrier said the decision was part of what it sees as a "responsible strategy to conserve cash and optimise its position ahead of any further capital investment". SAA went into voluntary business rescue in December. 

The flag carrier said it would be reviewing further possible flight schedule amendments over the coming days. 

The decision to cancel the flights comes as the airline is still waiting to receive a promised R2bn in funding from National Treasury to help fund its business rescue proceedings. Last week Finance Minister Tito Mboweni told journalists at the sidelines of a pre-WEF breakfast, that Treasury was still "trying to find additional financing" for the airline. The department of public enterprises, meanwhile, said on Sunday that it was working with Treasury in an effort to raise the funds. 

     
  • These are the domestic flights the airline is cancelling

saa

SAA said it was working closely with its sister airline, Mango, to re-accommodate passengers on alternative services operated by both airlines to minimise disruption.  

  • These are the international flights the airline is cancelling
saa

The airline said it would re-accommodate passengers on its services between Johannesburg and Frankfurt as well as London Heathrow. "Some passengers travelling to Munich, and others travelling via Munich to other destinations, will be re-accommodated for some of their journey on partner airlines in the Star Alliance to minimise delays," it said. 

* More to come 

ZAR/USD
17.41
(+0.14)
ZAR/GBP
22.74
(+0.14)
ZAR/EUR
20.58
(+0.04)
ZAR/AUD
12.45
(+0.46)
ZAR/JPY
0.16
(+0.25)
Gold
1952.60
(+1.61)
Silver
27.26
(+6.38)
Platinum
957.00
(+3.01)
Brent Crude
45.32
(+2.09)
Palladium
2163.01
(+1.63)
All Share
57419.46
(+0.00)
Top 40
53082.08
(-0.08)
Financial 15
10227.06
(+0.86)
Industrial 25
75743.15
(-0.61)
Resource 10
59161.88
(+0.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 988 votes
It depends on how the funds are used.
74% - 6582 votes
No. We should have gotten the loan elsewhere.
15% - 1377 votes
Vote