SAA secures R1bn savings under 90-day plan
South African Airways has secured savings of more than R1 billion ($85 million) under its 90-day action plan, acting chief executive Nico Bezuidenhout tells Flightglobal, putting the flag carrier on track for a targeted cost reduction of R1.25 billion by the end of March.
Bezuidenhout has been managing a broader turnaround strategy at the airline since November 2014, when incumbent boss Monwabisi Kalawe was suspended.
Outlining the progress made to date under the 90-day plan, the acting chief says the “biggest bulk” of the savings has come from grounding SAA’s heavily loss-making routes to Beijing and Mumbai.