The main reasons for the decrease in total income were outlined. These included the 12% decrease in average passenger fare, the 2% decline in passenger numbers, as well as the strengthening of the rand. The subordinated loan from government of R1.5 billion was settled and this brought its equity position to R1.04 billion. It had another subordinated loan from government of R1.3 billion. SAA's cash position had decreased from R3.8 billion in 2008/09 to R3.4 billion in 2009/10.