South African Airways posted a net profit of ZAR136 million ($20.1 million) for the fiscal first half ended Sept. 30, reversed from a loss of ZAR650 million in the year-ago period, and said it is making substantive progress on its restructuring program, citing the grounding of its six 747-400s and positive labor talks. SAA embarked on a wide-ranging restructuring initiative earlier this year (ATWOnline, July 4) and CEO Khaya Ngqula said it has "made good strides towards growing revenue and ...

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