SAA has the most efficient fleet in the country and yet they still can't turn a profit
This unfortunately only forms part of the equation. Things go deeper than just a fuel efficient modern fleet. It's the 9000 or so employees that bleed the cow dry. It's the hundred or so managers sitting in little offices commanding huge salaries and being paid bonuses etc for hanging around. It's money that is being channeled in the wrong direction that form part of a business' loss whether it be SAA or any other huge conglomerate. Part of the restructuring effort was to trim the excess fat...somehow I think the top echelons of the company are still too fatty..!!!!