Tuesday, June 26, 2007

Fuel costs, competition push SAA into operating loss

(Reuters) - High fuel costs and competition from low-cost carriers dragged South African Airways into an operating loss of 603 million rand in the financial year to March, former parent Transnet said on Tuesday.

This compared with a profit of 425 million rand in the previous year, state rail and logistics group Transnet said in its results.


Read more at Reuters Africa

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