South African Airways reported a ZAR1.09 billion ($142.5 million) loss in the fiscal year ended March 31, widened from ZAR833 million the previous year, Bloomberg News reported. The result reportedly was driven by costs related to a restructuring program that included the grounding of its 747-400 fleet and nearly 2,000 layoffs (ATWOnline, May 26). Excluding the restructuring costs, it was ZAR123 million in the black. CEO Khaya Ngqula said the airline is on course for a net profit in the ...

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