1. SAA has cash reserves with which the airline absorbs losses incurred. Moreover, several of the expenditure items that contributed to SAA losses are non-cash items and thus would not have a direct impact on SAA’s available cash reserves. Non-cash expenses (Depreciation and Amortisation) amounted to R109 million for the first three quarters of the financial year. During the same period, SAA generated a total income of R4.4 billion which helped defray operating costs and foreign exchange losses.
2. As of 31 December 2023, SAA had Total Assets of R11.309 billion, Total Liabilities of R6.025 billion resulting in a positive equity value of R5.284 billion. The airline’s assets exceeded its liabilities and therefore the indication is that it is solvent.