South African Airways is delaying salary payments for some employees for the second consecutive month, while insisting it has a viable strategy and will not ask for another government bailout. When an airline has to choose between paying its operating bills and paying its pilots on time, it’s difficult to take those assurances seriously.
Employees have purportedly been paid according to the following schedule:
Subtract that gains line from the reported R173 million pretax profit and the result is a R996 million pretax loss. The report also contains a disclaimer of opinion from the auditor-general, who could not obtain sufficient evidence to express an audit opinion on the financial statements.
A great solo travel tip spotted this week on Live and Let's Fly.
