About: http://data.cimple.eu/news-article/056cbff25d3b0fe0a5f101edaa1fa4cee2a50619aec6ceb99faccdc6     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • South Africa's embattled national airline on Thursday announced plans to scrap close to one hundred domestic and international flights in February to reduce costs. Cash-strapped South African Airways (SAA) was pushed to the brink of bankruptcy after a costly week-long strike by thousands of its workers last month. The flag carrier was placed under state-approved rescue plan as a last-ditch bid to avoid total collapse. Laden with debt, it has failed to make a profit since 2011 and survives on government bailouts. "Flight demand has been scrutinised to ensure SAA is running efficient flights" said the airline in a statement on Thursday. "SAA will therefore cancel and consolidate selected scheduled flights where there is low demand based on current forward bookings for the month of February." A total of 48 domestic and 48 international flights will be cancelled next month, including trips to Washington and Nairobi. SAA announced the cancellations one day after a state-owned South African bank offered to lend it 3.5 billion rand ($2.4 million). It said the "conservation of cash" through "various cost reduction measures" would be critical to running an "efficient airline". Chief commercial officer Philip Saunders vowed to minimise disruption and said affected customers would be accomodate on alternative flights. South Africa's government has admitted it is still seeking a solution to finance SAA, which has a fleet of more than 50 and employs over 5,000 workers. The airline had already scrapped almost a dozen flights earlier this month to "conserve cash". sch/jh
schema:headline
  • South African Airways to cancel dozens of flights in February
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software