Page added on August 30, 2005
Johannesburg – South African Airways (SAA) Chief Executive Officer Khaya Ngqula said in a statement on Tuesday that the coming year would be particularly tough because of the sky rocketing oil price and the difficult global environment.
Speaking after the airline’s Annual General Meeting in Johannesburg, he said SAA would put in place plans to mitigate the effect of “this global turbulence” and its performance going forward would hinge on how quickly the situation stabilised.
The airline held its AGM following the 2004/5 financial year to formally report to its shareholders.
In a joint report to the shareholders, SAA’s chairperson Prof Jakes Gerwel and Ngqula said that the airline had achieved a net profit after tax of R966m for the year ended March 31 2005.
News24
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