If SAA posted a profit, the tax payer should be re-paid....
NO, it normally means SAA will need help with cash flow soon. The begging bowl always comes out when SAA 'makes a profit'. Oh, not to mention the massive bonus somebody would have paid themselves.
Have the accounts been posted in the Sunday Times? Then you can see where the 'profits' come from. They may have revalued the assets or something. As they had fuel hedged at $135 a barrel for a big chunck of last yr, I suspect a bit of 'accounts gymnastics' is involved.