These milestones come as Voyager celebrates 15 months since its strategic changeover from a distance travelled to revenue-spend earning structure for SAA-operated flights.
In 2015 the programme was fundamentally changed to become Africa’s first revenue-based airline loyalty programme. The two most important changes at the time were to issue members with Miles based on the ticket price (base… Read More
Johannesburg: South African Airways (SAA) continues to drive implementation of its Long-Term Turnaround Strategy across the business. While commercially the airline has adjusted capacity against declining demand, 81% aggregate load factors marked the first quarter of the 2015/16 fiscal. The business has reduced operating costs by 14% and by beginning August SAA would have introduced two new commercially viable routes (Johannesburg Abu Dhabi in March and Accra Washington on 2 August) while the positive impact of improvement opportunities and efficiencies in its network should realise a positive impact of R 2,5 billion in annualized earnings.
SAA’s achievements ensure that it’s well positioned for full implementation of the Long-Term Turnaround Strategy (LTTS)
On 24 March 2015, SAA completed the 90-Day Action Plan, which commenced late last year and was a roadmap to stabilise the carrier and resume full implementation of a refined LTTS.
“South Africans now have a national aviation asset which is well on its way to relative stability,” says SAA Acting CEO Nico Bezuidenhout. “The intent and core strategic impetus remains a constant; the board and management of SAA are unyielding in their resolve to fuel SAA’s future success and short- to medium-term stability.”